According to crypto analytics firm Santiment, these two altcoins were most mentioned by the community during the market downturn.
Bitcoin and cryptocurrency markets entered the weekend trading week in the red zone with a sudden decline due to economic data, especially FED cause.
Notably, in the latest statement of the crypto analytics company Santiment, h has been determinedaltcoin altcoins are mentioned frequently on social networks the most during this recession.
🗣️ As the weekend approaches and crypto sees a slight rebound, the top trending coins among social platforms are:
💰Tether: Increased usage and adoption across Binance, Bitget, ByBit, and KuCoin
🪨Toncoin: Price surge above $8 and upcoming launch of TapSwap on the TON blockchain pic.twitter.com/gefjt739P6— Santiment (@santimentfeed) June 14, 2024
According to a new report published by analysts, Tether (USDT) and Toncoin (TON) have become the two most mentioned altcoins on social media platforms.
Santiment explains the rise in popularity of stablecoin Tether is due to increased usage on Binance and other exchanges when the market drops, which suggests user psychology about fear of other high-risk tokens.
On the other hand, the reason why Toncoin is so popular is considered by analysts to be because this token recorded a price increase above 8 USD and the TapSwap will be released on the TON block chain soon.
Along with the increase in the price of Toncoin, the price of Notcoin (NOT), a popular altcoin in the same ecosystem also saw gains follow suit.
Top 3 cryptocurrencies to watch this weekend
