With the recent severe volatility in the cryptocurrency market, investors are becoming increasingly careful when selecting tokens to invest in. Before making an investment, investors should consider social volume.
Social Volume is constructed on the foundation of Social Data. This metric indicates how frequently an asset is searched or typed into search engines. It is important because investors should keep track of these metrics since they are useful when it comes to cryptocurrency investment.
Recently, altcoins are gaining a lot of attention for their amazing price rallies. According to CryptoDiffer, here are the top 15 altcoins by social volume.
With 145,330 points, Ethereum is at the top of the rankings. Shiba Inu, the meme coin that has received a lot of attention recently due to news about Shibarium and its partnership with the Welly’s restaurant chain, comes in second with 114,410. Tezos (XTZ), Dogecoin (DOGE), and PancakeSwap (CAKE) are the next three coins in the top 5.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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