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.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]
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