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Bitcoin and altcoins are experiencing a significant recovery amid the ongoing US-Iran conflict. Bitcoin has surpassed $75,000, and the effects of this rise are also being seen in Ethereum and other altcoins.
$ETH surged to $2,350, while other major altcoins saw daily gains of up to 10%. With a bullish sentiment prevailing in the market, cryptocurrency analytics company Santiment recently revealed the most popular altcoins in the crypto world.
According to Santiment, investors showed strong interest in altcoins such as Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), Bittensor ($TAO), Fetch.ai ($FET), and Nexo ($NEXO).
Bitcoin led the trending cryptocurrencies in the last 24 hours, surprisingly followed by $ETH, $SOL, $TAO, $FET, and $NEXO.
According to social media data, the most popular cryptocurrencies driving market trends on social media were:
Bitcoin: Trending due to large-scale, institutional $BTC accumulation, as reported by MicroStrategy.
Ethereum: Trending due to institutional staking and spot ETF inflows linked to recent product launches and large company acquisitions. BlackRock’s launch of its $ETH staking ETF, increased ETF inflows, staking yields, large $ETH purchases by miners and firms, and the resulting price increase are fueling discussions.
Solana: Solana is trending due to high-profile NFT issuances, increased on-chain activity, new DeFi protocol launches, high yields compared to Ethereum, and lower fees.
Bittensor: Trending due to its revamped AI token narrative and price increase. Social media posts promote $TAO as an open-source and independent/enterprise AI infrastructure.
Fetch.Ai: Like $TAO, it’s trending due to its revamped AI token narrative and price increase. Weekly percentage gains reaching double and triple digits are fueling the conversation.
Nexo: With cryptocurrency company BlockFills filing for bankruptcy, Nexo is listed as a creditor with $4.746 million in unsecured promissory notes. This is a major focus of discussion, raising concerns about transparency regarding the status of $NEXO token payments.
*This is not investment advice.