The Fed made an aggressive start to the discount cycle by cutting interest rates by 50 basis points last week.
After this decision, Bitcoin and altcoins rose, while some altcoins became among the most discussed altcoins on social platforms.
At this point, cryptocurrency analysis company Santiment announced the three most trending altcoins on Monday in its post.
According to Santiment, the top 3 altcoins that saw the highest increase in discussion rates included Bittensor (TAO), Hamster (HAM), and NEAR.
While Bittensor's rise to become the most discussed altcoin was the subject of discussion about Hamster, the airdrop frauds were also included in the discussions.
“Altcoins continue to rally. The top 3 assets that saw the highest increase in discussion rates on Monday are:
Bittensor (TAO): 127% price increase prompts calls for more bullish sentiment from the crowd.
Hamster (HAM): Anger over cheating bans and perceived unfairness in the distribution of airdrop tokens.
Near (NEAR): The excitement around the NEAR community and its activities, including the OLYMPIAD Campaign.
🗣️ Altcoins continue to spike as on-chain & social metrics foreshadow price swings throughout various blockchains. The top 3 assets seeing the highest increase in discussion rates Monday are:
🪙 Bittensor (TAO): +127% price surge sparks further bullish calls by crowd
🪙Hamster… pic.twitter.com/TQ8UUU7Abo— Santiment (@santimentfeed) September 23, 2024
*This is not investment advice.
