The Most Talked About Altcoins on Social Media: Market Sentiment Analysis

Source: CryptoNewsNet Original Title: The Most Talked About Altcoins on Social Media Have Been Announced! One Name Was a Surprise! Original Link: Bitcoin and altcoins, which experienced a significant recovery last week, suffered sudden and sharp declines due to recent geopolitical tensions.

With a downward trend prevailing in the market, cryptocurrency analysis company Santiment has revealed the most talked-about altcoins in the cryptocurrency world in its latest post.

According to Santiment, Bitcoin (BTC), Beam (BEAM), Ethereum (ETH), Chainlink (LINK), and Tether (USDT) are among the altcoins being heavily discussed in the market.

Besides these, MicroStrategy, which has frequently made headlines with its Bitcoin purchases, has also become one of the most discussed topics on social media.

Bitcoin led the trending cryptocurrencies in the last 24 hours, surprisingly followed by BEAM, ETH, LINK, USDT, and MicroStrategy (MSTR).

Bitcoin: Bitcoin is trending due to comparisons with precious metals like gold and silver, and extensive discussions about its role as a digital asset. This was also aided by Michael Saylor’s firm purchasing over 22,000 BTC for $2.13 billion.

BEAM: There is extensive discussion surrounding Beam, a privacy-focused blockchain, and its Beam Warp sidechain technology. Behind this are features such as staking with BeamX, sidechain consensus mechanisms, bridging assets between the mainnet and sidechains, and the ability for anyone to launch private sidechains using Beam technology.

Ethereum: ETH is trending due to staking. There is significant activity and interest in ETH staking; it has reached an all-time high with over 30% of the total Ethereum supply staked. The large staking amounts by organizations, record transaction levels on the Ethereum network, and the bullish trend towards Ethereum’s staking growth are highlighted.

Chainlink: Discussions focus on Chainlink’s expansion into providing on-chain data for the stock market, its integration with DeFi platforms, staking opportunities, and its increasing adoption in traditional finance, including partnerships with major exchanges and the launch of LINK futures on major derivatives platforms.

Tether: Discussions mostly revolve around USDT’s widespread use in economically unstable regions to protect savings from hyperinflation. USDT is also frequently mentioned in trading pairs, futures, airdrops, contests, and new listings.

MicroStrategy (MSTR): A company heavily involved in Bitcoin investment and holding significant BTC reserves, MicroStrategy is making headlines with its recent BTC purchases. Discussions focus on MSTR’s stock performance, its Bitcoin buying strategy, the risks and returns for investors, and its role as a major Bitcoin holder.