Following Bitcoin’s consecutive record highs earlier this week, Ethereum and altcoin are under attack. ETH has risen above $3,100, but Altcoins are also making significant profits.
This rise has rekindled market enthusiasm, but in its latest post, cryptocurrency analytics firm Santiment said investors have shown intense interest in social media for Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), PEP, PEPE and MicroStrategy (MSTR).
Bitcoin (BTC): Due to the intense debate about Bitcoin price movements, investment strategies and market domination, the word “BTC” is popular on Reddit, Telegram and Twitter. This indicates an upward trend and an increase in adoption. Bitcoin is expected to reach a new market capitalization milestone.
Ethereum (ETH): Its institutional appeal, market capitalization, trading behavior, and potential future performance are key factors. The role of Ethereum in Defi, the AI token ecosystem, and blockchain technology further promotes interest and market activity, focusing on ETH within the crypto community.
XRP: XRP has experienced the highest price rise ever as analysts predict potential gatherings amid positive market conditions and regulatory developments. This surge has led investors to closely monitor the correlation between the movement and Bitcoin.
PEP: The word “PEP” is growing trends due to the association between DogeCoin and the Layer-1 Cryptocurrency Pepecoin (PEP), a fork of Litecoin. PEP has gained momentum with a potential list of major exchanges such as Kraken and XT, separating it from Ethereum-based Pepe. The community is optimistic about its growth potential and utility compared to other memecoins.
Pepe: The word “Pepe” is popular due to the buzz (Pepecoin) named Pep (Pepecoin).
MSTR: The term “MSTR” is a trend for important financial and crypto-related activities, including MicroStrategy (MSTR). This was also sparked by the announcement that Vanguard Group is MSTR’s largest shareholder. It holds a substantial amount of Bitcoin on its balance sheet worth around $75 billion.
*This is not investment advice.
