The virtual currency market continues to experience growth, with multiple protocols emerging to captivate investors’ attention. Fresh metrics reported today by LunarCrush disclosed which crypto projects are gaining traction across social media platforms.
Social activity has become a crucial indicator of the most popular digital asset protocols, disclosing a clear outlook of which assets are stimulating enthusiasm in the landscape. As indicated in the data from LunarCrush, the virtual asset market is experiencing increased levels of engagement from multiple platforms, with outstanding names coming from emerging networks.
Top Crypto Projects With Highest Social Sentiments
Solana (SOL)
According to the data, Solana is at the top of the list as it is the crypto project that experienced the highest user engagement in the market over the last month. It is the most-talked-about virtual currency on social media as investors increasingly show interest in its protocol and dynamic ecosystem. Such community engagements align with Solana’s market performance. SOL currently stands at $210.89, up 9% and 17.5% in the past week and month, respectively.
Tron (TRX)
Tron followed, as it is the crypto project that recorded the second-highest score on social engagement over the past 30 days. As explained in the metrics, social chats around TRX have been bullish over the past recent weeks as crypto customers show surging confidence in the token.
Circle (USDC)
As reported by LunarCrush data, USDC’s market outlook is bullish, fuelled by substantial inflows and its surging demand. USDC inflows to centralized exchanges have significantly increased in terms of billions of dollars, highlighting robust bullish interest and advanced confidence among investors. The asset leads demand for compliant stablecoins due to its compliance with the MiCA’s regulations. The emergence of stringent legislations (like MiCA) triggered a change as market makers and trading platforms prefer compliant stablecoins over non-regulated peers, a trend that mostly benefits USDC, especially European clients.
Bio Protocol (BIO)
LunarCrush data ranked Bio Protocol (BIO) as the fourth-most mentioned crypto project from collected posts across various social media platforms. This means Bio Protocol is becoming more relevant to investors’ needs (grabbing users’ attention). Looking at its market performance, BIO’s value today stands at $0.2273, up 113.3% and 276.2% over the past week and month, respectively, indicating investors are pumping millions into this undervalued token.
Covalent X Token (CXT)
Fifth on the list is Covalent X Token (CXT), with data from LunarCrush showing people on social media are highly bullish on this project. This implies users are increasingly finding this token beneficial to their fulfillment. Trading charts show CXT’s price currently hovers at $0.03861, up 42.4% and 41.9% over the past seven days and one month, respectively, confirming its bullish momentum.
Other Top Market Performers
Other top crypto projects with outstanding social activity include FLIP, PROMPT, DOLO, ZORA, and ZIG, as per the data.
Chainflip (FLIP) is the sixth most popular digital asset platform based on the metrics tracked over the past month. Most people are enthusiastic about the asset across social media, potentially due to its cross-chain DEX capabilities and token’s growth potential.
Wayfinder (PROMPT) followed, indicating increased popularity among crypto clients. The AI-powered Omni-chain protocol is witnessing increased demand because of its crypto AI-driven capabilities, a trend that supports its price stability.
Moving down, users are bullish on Dolomite (DOLO), a decentralized money market protocol, indicating people are showing heightened interest in the platform. Dolomite is the biggest DeFi lending platform in the Berachain network, holding 90% of the network’s lending TVL, making it one of the outperforming assets in the Berachain blockchain.
Zora (ZORA)’s on-chain activity also remains high as reported by the data. Trading charts show the on-chain social network is riding an impressive rally as social sentiment, DeFi trends, and whales’ enthusiasm stimulate its market interest.
Last on the list is ZIGChain (ZIG), a social crypto investment platform, which is also engaging user interest as indicated in the data.
