Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Santiment Reveals: Social Volume of These Three Altcoins Is Exploding

Santiment Reveals: Social Volume of These Three Altcoins Is Exploding

BitcoinsistemiBitcoinsistemi2024/10/16 09:12
By:Mete Demiralp

According to cryptocurrency analytics firm Santiment, three different altcoins are seeing sudden increases in social volumes.

Cryptocurrency analysis company Santiment published the three altcoins that have recently gained the most interest in terms of social volume in its latest post.

According to analysts, altcoins with the highest social volume growth include LooksRare (LOOKS), Avalanche (AVAX), and Beam (BEAM).

Analysts point to recent raffles and giveaways organized by LooksRare, an NFT platform, as the reason for the increase in social volume that LOOKS has.

On the AVAX side, it is thought that the increase in interest is due to the altcoin's recent price increase. AVAX, the world's 12th largest cryptocurrency, has grown by 11% in the last five days and can be said to have performed better than other altcoins.

Related News BREAKING: Grayscale to Apply to Convert its Bitcoin, Ethereum, Solana, XRP and AVAX Fund into an ETF

On the other hand, the increase in interest in BEAM, the only game-themed altcoin among the trio, may be due to the fact that users have recently shown a special interest in privacy-enabled cryptocurrencies, according to Santiment analysts. The analysts also added that there are many posts on social media platforms regarding Beam’s development and community interactions.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

BTC sees early Election Day boost above $70K

CoinFund president Chris Perkins said crypto voters will influence a number of election outcomes

Blockworks2024/11/06 18:33

Bitcoin hits new all-time high on Trump presidential victory

Bitcoin markets soared just after 10 pm ET on election night, briefly surpassing $75,000

Blockworks2024/11/06 18:33

Polymarket resolves US presidential election winner bets as AP, Fox and NBC call it for Trump

Polymarket has resolved its U.S. presidential election market after major news organizations called it for Trump.U.S. presidential election bets on Polymarket reached more than $3 billion in trading volume ahead of the election.

The Block2024/11/06 18:11