Which is the Most Trending Cryptocurrency Right Now?

The cryptocurrency market is experiencing a notable decline since the beginning of the week, but remain a trending topic in the investment world.

Recent insights from the cryptocurrency analytics platform Santiment reveal that the XRP token, linked to Ripple, has become the leading trending cryptocurrency. Notably, XRP has seen a rise in key metrics, including whale activity, trading volume, and social media engagement. Its renewed prominence follows Bitwise’s recent ETF application and the SEC’s ongoing appeal against Ripple.

Alongside XRP, Aptos (APT) and Chainlink (LINK) are also among the most talked-about tokens, according to Santiment. Historically, October has been a strong month for Bitcoin and other cryptocurrencies, but 2024 may challenge this trend.

Currently, Bitcoin has dipped over 3% this October, while many altcoins have experienced even steeper declines. XRP, in particular, has struggled, with commodity trader Peter Brandt warning that its price could potentially fall to zero against Bitcoin.

Santiment also notes a significant drop in the number of mentions of “Uptober” in recent days, indicating that traders are less optimistic about the crypto market’s performance this month following a recent downturn. However, there may be a silver lining, as Santiment suggests that this fading optimism could lead to a short-term price rebound.