Following Bitcoin's consecutive record highs in early July, Ethereum and altcoins have been on the offensive. ETH has surged above $3,700, while altcoins have also seen significant gains and new ATHs.
At this point, Solana has surpassed $200, while BNB has reached a new ATH.
While this rise in altcoins reignites the enthusiasm in the market, cryptocurrency analysis company Santiment said in its latest post that Binance Coin (BNB), Spark (SPK), Pudgy Penguin (PENGU), Solana (SOL), Litecoin (LTC) and XRP are the most talked about and attracted attention altcoins on social media.
Binance Coin (BNB): Supported by strong institutional inflows and bullish market activity on BNBChain, BNB is trending due to its recent new ATH around $800. The community is highlighting BNB's importance in the crypto ecosystem and its impact on market dynamics.
Spark (SPK): SPK is trending due to significant price and trading volume increases across multiple platforms. It stands out as one of the top-performing altcoins on exchanges like KuCoin, Bitget, and BTCC. The community is discussing price targets, trading pairs, and promotional campaigns, demonstrating strong market interest and activity around SPK.
Pudgy Penguin: PENGU has been trending recently due to its surge. This surge is fueled by the Pudgy Penguins NFT anniversary, new listings on exchanges like Gemini, and upcoming projects like BonkGu, a collaboration involving Pengu and Bonk tokens. PENGU has surpassed BONK as the largest memecoin on Solana, driven by strong price performance and growing community interest on social media.
Solana (SOL): Solana is trending as it breaks above $200. SOL is highlighted by technical analysis showing bullish trends and news that the SEC will approve the Solana ETF.
XRP: Trending amid the SEC's approval, then halt, of the Bitwise 10 Crypto Index Fund's conversion into an ETF containing XRP, the ongoing legal battles between Ripple and the SEC, and bullish price predictions and technical analysis.
Litecoin (LTC): Like XRP, LTC is on the rise following the SEC's approval and subsequent suspension of the Bitwise 10 Crypto Index Fund's decision to convert the Bitwise 10 Crypto Index Fund into a spot ETF containing Litecoin (LTC). This development marks a regulatory milestone, bolsters LTC's legitimacy, and creates optimism about a potential dedicated LTC ETF approval.
*This is not investment advice.
