While critical US CPI and PPI data are awaited for Bitcoin and altcoins this week, six cryptocurrencies are drawing attention in the market.
Cryptocurrency analysis company Santiment said in its latest post that investors showed great interest in Bitcoin (BTC), Starknet (STRK), Ethereum (ETH), Tether (USDT), GROK and Circle (USDC) on social media.
“As crypto continues to test investors’ patience, Bitcoin and several altcoins are increasingly being discussed. Here are the top coins that saw the highest growth in chats across X, Reddit, Telegram, 4Chan, BitcoinTalk, and Farcaster.
1-Bitcoin (BTC): Bitcoin is often mentioned due to its large price swings, the development of investment strategies and market behavior during this decline. While emphasizing the importance of holding Bitcoin in the long term, it is said that one should not sell during market fluctuations.
2) Starknet (STRK): MicroStrategy’s identification as STRK and its announcement of a $21 Billion program have been making the rounds. The discussions highlight the company’s strategy of raising funds for Bitcoin purchases, which has garnered significant interest in the crypto community.
3) Ethereum (ETH): Ethereum’s performance is being compared to Bitcoin and other altcoins in particular. Users are voicing doubts about Ethereum’s potential to reach new all-time highs and are expressing concerns about high transaction fees. Additionally, whale activity and significant market movements are being discussed.
4) Tether (USDT): The increasing promotion of platforms offering daily earnings in USDT, emphasizing the ease of investment. This highlights the emphasis on USDT as a means of generating financial freedom and profit that appeals to individuals looking for a passive income stream.
5) Grok (GROK): The crypto token is trending due to its strong association with GRK. Users are expressing bullish sentiments about GRK, highlighting its growth potential and importance as a mascot for the Base community. Additionally, there are talks of trading activity and price changes related to Grok-themed tokens, indicating a growing interest in this crypto narrative.
6) Circle (USDC): It is trending due to the discussions around interest rates compared to USDT, especially in the context of upcoming changes in trading pairs and regulations. Users are discussing the safety and profitability of exchanging USDT for USDC, especially since USDT will be switching to sell-only mode.
*This is not investment advice.
