According to a statement from cryptocurrency analysis company Santiment, some altcoins experienced sudden increases in mentions on social media platforms at times when the overall cryptocurrency market was rising.
According to Santiment’s statement, there was a surge in altcoins and some large market cap cryptocurrencies increased their mention rates. According to the analysts’ list, the most popular projects are listed as follows:
- Toncoin (TON): Mention rates increased due to the airdrop of the game token called Hamster Kombat (HMSTR).
- Shiba Inu (SHIB): Shibarium is shown as the reason for the increase in mention rates in SHIB, the second largest memecoin in the world. In addition, users are also optimistic about the claim that there will be a 33,000% increase in the SHIB burn rate. SHIB price has increased by 23% in the recent period due to these effects.
- Pepe (PEPE): After the rise experienced by memecoins such as Shiba Inu, there was an expectation in PEPE, which caused an increase in mentions. However, PEPE has not yet achieved the expected growth.
*This is not investment advice.