Santiment, a leading analytics firm, recently shared a report highlighting the most discussed cryptocurrencies in the market and the reasons behind their increased attention.
Unsurprisingly, Bitcoin (BTC) topped the list. The surge in conversation surrounding Bitcoin came after U.S. President Donald Trump signed an executive order aimed at establishing a digital asset reserve.
This executive move intends to loosen prior restrictions, sparking debates about the creation of a Bitcoin Strategic Reserve as part of a larger digital asset stockpile. However, it remains unclear whether the U.S. will focus solely on Bitcoin or include a mix of different cryptocurrencies in the reserve.
Onyxcoin (XCN) also garnered attention, landing in the second spot. The cryptocurrency has recently been compared to well-known assets like XRP and HBAR, with analysts offering varying opinions on its potential. While some have expressed bullish sentiments, Santiment warns about the risks of excessive optimism surrounding this token.
Rounding out the list is THORChain (RUNE), which has seen a significant drop in its value due to rumors of potential bankruptcy. These developments have fueled heated discussions about the future of the altcoin.
The Central African Republic has stepped into the world of memecoins with the launch of its own digital token, aiming to harness the power of internet culture to drive national development and international recognition.
Alphractal, a cryptocurrency analytics firm, has released a new analysis of Bitcoin, highlighting that despite recent price drops, the overall funding rate across major exchanges remains positive.
Economist Henrik Zeberg believes the crypto market is on the verge of its final bullish surge, with Bitcoin and altcoins gearing up for another major rally.
Binance CEO Richard Teng emphasized the crucial role that institutional investors and regulatory advancements play in the growing adoption of cryptocurrencies.