Here’s Which Altcoins Are Gaining Attention Amid the Market Slump

Despite Bitcoin's recent decline from its all-time highs, many traders are still highly focused on altcoins, according to the latest data from Santiment's social sentiment tracker.

On November 26, the analytics platform highlighted that although Bitcoin fell below $93,000 on November 25, discussions in the crypto space remain centered around various altcoins, with a particular focus on under-the-radar opportunities.

The tokens gaining the most traction on social media are Sandbox (SAND), Stellar (XLM), and Ethereum (ETH). Santiment notes that SAND has seen a surge in social activity due to renewed interest in metaverse-related investments, with a growing sense of optimism among investors. Despite the market’s previous downturns, many are speculating about the potential future growth of metaverse tokens.

Stellar (XLM) is also attracting attention, especially from Korean investors, following a political event that has sparked increased discussions around its price movements. Lastly, Ethereum continues to be a topic of conversation, with many traders expressing bullish sentiments about its ability to outperform other large-cap cryptocurrencies, especially under favorable market conditions.

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According to Santiment’s tracker, which scans platforms like X and Telegram for social media mentions, the positive sentiment surrounding ETH is driven by its strong historical performance and the value of its ecosystem, which is fueling speculation about its future.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.