Cryptocurrency analytics firm Santiment has identified the top three trending cryptocurrencies based on the increase in social media shares.
According to published social data, Bitcoin (BTC), Cardano (ADA), and Velo Protocol (VELO) are currently the most talked about coins within the crypto community, each for different reasons.
Bitcoin (BTC)
Bitcoin continues to dominate conversations with discussions about challenges faced by miners, potential price declines and the activities of large holders known as “whales.” These topics fueled speculation and debate among investors, contributing to Bitcoin’s high social volume on Monday.
Cardano (ADA)
Cardano has also seen a significant increase in social engagement, with the community expressing concerns about its market position, adoption rate, and utility compared to other cryptocurrencies. The ongoing debate about Cardano’s technological advancements and potential use cases, particularly in Africa, keeps it at the forefront of discussions among crypto enthusiasts.
Velo Protocol (VELO)
Velo Protocol is experiencing an increase in social volume due to active community engagement, particularly in voting and governance. The community is also focusing on official contract addresses and warnings about potential scams, resulting in increased social volume among VELO supporters.
*This is not investment advice.