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.
READ MORE:
XRP Price Prediction From One of The Most Popular Traders in the WorldSantiment 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Perplexity AI to Testify in Landmark Google Antitrust Case
Perplexity AI, a rising competitor in the search industry, is set to play a key role as a witness in the ongoing United States Department of Justice (DOJ) antitrust trial against Google.

Manychat Secures $140 Million to Advance AI-Powered Business Messaging
Manychat, a leading business messaging platform, has raised $140 million in a new funding round to accelerate its artificial intelligence (AI) capabilities and expand its global business communications market reach.

El Salvador Launches National AI Lab in Partnership with NVIDIA to Drive Technological Sovereignty
El Salvador is making significant advancements in artificial intelligence (AI) by launching its first national AI Lab in partnership with NVIDIA. Recently announced by the Bitcoin Office, this initiative aims to develop sovereign AI capabilities to enhance key sectors like healthcare, education, and the economy.

BlackRock Invests $84 Million in Bitcoin

Trending news
MoreCrypto prices
More








