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Santiment Reveals: Top Two Altcoins Dominated Conversations Amid Market Downturn
Santiment Reveals: Top Two Altcoins Dominated Conversations Amid Market Downturn
According to Santiment, a cryptocurrency analysis firm, these two altcoins garnered the most attention from the community during the recent market decline.
By:
Mete Demiralp
15.06.2024 – 15:37
Update:
6 seconds ago
0
Bitcoin and other cryptocurrency markets saw a decline over the weekend due to actions by the FED.
Santiment, in a recent statement, highlighted two altcoins that saw the highest social media mentions even amidst the market slump.
The latest report by analysts revealed that Tether (USDT) and Toncoin (TON) were the most discussed altcoins on social platforms, coinciding with a slight market recovery following Bitcoin’s drop to $65,000.
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The surge in Tether’s popularity was attributed to increased usage on Binance and other exchanges during the market downturn.
Meanwhile, Toncoin gained traction as its price surpassed $8 and anticipation grew for TapSwap’s launch on the TON blockchain.
The rise in Toncoin’s price also impacted Notcoin (NOT), another popular altcoin within the same ecosystem.
*This is not investment advice.
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