The altcoin sector is witnessing a building momentum in line with the LunarCrush AltRank indicator. The data from Phoenix Group points out that $PENGU, $LaunchCoin, and $KERNEL have taken top positions among altcoins based on LunarCrush AltRank. As disclosed in its latest X post, the crypto data and analytics firm has pointed toward the rising social sentiment in the altcoin sector. LunarCrush AltRank denotes an exclusive indicator that merges the price performance of an altcoin in relation to Bitcoin ($BTC) as well as the rest of the social activity indicators in the market.
$PENGU, LaunchCoin, and $KERNEL Dominate Top 10 Altcoins in LunarCrush AltRank List
The list of the top altcoins in terms of LunarCrush AltRank includes $PENGU in the top position. The community-led memecoin has witnessed a staggering increase in trading activity as well as the social activity around it. In addition to this, it has also been playing a crucial role in the launch of decentralized projects.
Apart from that, $LaunchCoin and $KERNEL have taken the 2nd and 3rd top places among the altcoins when it comes to LunarCrush AltRank. In this respect, their latest ecosystem updates and partnerships have driven their growth to a significant extent. Subsequently, the 4th, 5th, and 6th ranks are occupied by $SPX, $HBAR of Hedera Hashgraph, and $STO. Their mounting institutional adoption and efficient functionality are the key factors behind their continuous progress.
Altcoin Market Enters New Epoch Marked by Innovation and Volatility Amid Growing Social Momentum
At the same time,$MDT and $IDEX are the 7th and 8th top coins in the altcoin sector according to LunarCrush Altrank. Following that, $SUI and $CKB account for the 9th and 10 spots in the list of the leading atlcoins in accordance with LunarCrush AltRank. Overall, the substantial growth of these altcoins underscores a new era of innovation and volatility in the altcoin landscape with massive social momentum.
