Bitcoin and altcoins have recently reversed their upward trend and started to decline. BTC has fallen by 5% in the last week, dropping to $77,000, while cryptocurrency analysis company Santiment has revealed the most popular altcoins in the cryptocurrency world in its latest post.
According to Santiment, investors are showing strong interest in Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), USD Coin (USDC), and XRP.
Bitcoin led the trending cryptocurrencies in the last 24 hours, surprisingly followed by ETH, ADA, SOL, USDC, and XRP.
The most popular cryptocurrencies in the crypto sector and the reasons why are listed below:
“Bitcoin: BTC is making headlines due to discussions surrounding custody and ETFs (spot BTC ETFs, BlackRock IBIT), fork updates (SegWit, BCH/BSV) and their impact on custodians, and on-chain/off-chain liquidity pathways (wrappers like Lightning, Thorchain, WBTC).”
Ethereum: It’s making headlines due to large net outflows from US spot ETH ETFs and reported withdrawals of major executives, along with discussions about short-term ETH outflows and price weakness.
Cardano: ADA is making headlines due to its proposed quantum security roadmap and the upcoming v1.1 hard fork/mainchain vote, which are being covered on Telegram, along with discussions on protocol upgrades, governance, and developer funding.
Solana: SOL is making headlines due to rising, sustained DEX volume and on-chain activity.
USDC is gaining attention due to its high volume of on-chain activity and practical user guidance. Social media posts focus on using USDC as a primary medium for swaps, cross-chain deposits, card top-ups, and business payments because of its ample liquidity and generally lower fees compared to some alternatives.
XRP: It’s gaining attention due to its long-term role in cross-border payments and the growing debate about its potential replacement by stablecoins or alternative platforms.
*This is not investment advice.
