Based

Solana

Injective

Internet Computer

Here are the various altcoins that Santiment has identified to have been the most trending cryptocurrencies of the past week. 
<h2 id="altcoins-like-bonk-or-sol-saw-most-traction-in-past-week">Altcoins Like BONK Or SOL Saw Most Traction In Past Week</h2> 
In a new insight <a href="https://insights.santiment.net/read/weekly-narratives-in-trending-tokens-11-12-2023-17-12-2023-7459?fpr=twitter" target="_blank" rel="noopener nofollow">post</a>, the on-chain analytics firm Santiment has discussed about some alts that have taken focus during the last week. Based on social media data, Santiment determines tokens to be “trending” if they have been receiving significant attention in the past 24 hours. 
The below chart shows the top altcoins for each day in the past week on the basis of this metric: 
<img loading="lazy" decoding="async" class="alignnone aligncenter" src="https://i0.wp.com/production-sanbase-images.s3.amazonaws.com/uploads/ce8c84fb631cac39553e610a2ae346af798797d3f8dd4542736a98bb2b48d50b_1702924166027_9fd2b3fb-4c30-464f-b43e-5ee595389c23.png?resize=2898%2C1442&amp;ssl=1" alt="BONK, Solana Trending" width="2898" height="1442" data-recalc-dims="1"> 
From the graph, it’s visible that the Solana-based meme coin <a href="https://www.newsbtc.com/news/solanas-bonk-token-rockets-to-new-heights-surging-121-on-binance-listing-news/" target="_blank" rel="noopener ">BONK</a> has pretty much observed the highest amount of traction on social media platforms during this period. 
The main reason behind the dog-themed coin being so trendy has been its listings on the two largest cryptocurrency exchanges in the sector, <a href="https://www.newsbtc.com/coinbase/coinbase-introduces-new-features-for-global-remittances/" target="_blank" rel="noopener ">Coinbase</a> and Binance. 
Injective Protocol (INJ) has been another asset that has consistently appeared on the Trending Tokens list. Santiment explains that the source of the altcoin’s popularity lies in its rally and hype for an upcoming airdrop. 
<a href="https://www.newsbtc.com/analysis/sol-price-soars-8-solana-breakout-80/" target="_blank" rel="noopener ">Solana (SOL)</a>, the sixth-largest cryptocurrency by market cap, has also been discussed by social media users. “Between December 11 and 17, SOL climbed the ranks, attributed to several high-profile projects and partnerships,” notes the analytics firm. 
“The ecosystem’s growth and its challenge to Ethereum’s dominance in Web3 were hot topics among traders and enthusiasts,” adds Santiment. Solana has also enjoyed some sharp uptrend in the past day, as the asset has shot up around 11% during the period. 
Unsurprisingly, Internet Computer (ICP) has also gained steam during the last week, as the asset has surged more than 73%. Since its high above $11.5, though, the altcoin has registered some significant decline, as it’s now trading around $9.75. 
“In summary, this week spotlighted the power of market catalysts — from exchange listings to pivotal updates — and their profound impact on project sentiments and trading activities,” says the analytics firm. 
<h2 id="bonk-s-exchange-listing-hype-has-observed-some-cooldown">BONK’s Exchange Listing Hype Has Observed Some Cooldown</h2> 
Soon after the meme coin received its listings on the aforementioned platforms, the BONK price shot up towards a new all-time high north of the $0.0000349 level. This extraordinary surge proved to be unsustainable, however, as profit-taking quickly ramped up and the altcoin fell back down. 
BONK has since registered a very significant drop to the $0.0000206 mark. Here is a chart that shows how the meme coin’s performance has looked like in the past month: 
<img loading="lazy" decoding="async" class="alignnone size-medium aligncenter" src="https://www.tradingview.com/x/yWPoBBiv/" alt="BONK Price Chart" width="1534" height="870"> 
Despite this drawdown of 41% from the top, though, BONK is still up more than 56% in the past week, which is an impressive return nonetheless. Overall in the past month, the meme coin is carrying profits of 617%, showcasing just how strong the coin’s recent rise has been.

Santiment Breaks Down “Most Trending” Altcoins Of Past Week

Table of Contents

NewsBTC

Other articles published on Dec 19, 2023

Altseason is Here! Analyst Predicts Ethereum & Altcoin Boom in 2024

Bitcoin (BTC) Price Analysis: Bulls Pay 42583 Technicals Again – 20 December 2023

Burn & Mint Smart Contract

7RCC Global Files the First Eco-Friendly Bitcoin ETF with Carbon Credits!

SOL Price Soars 8%, Solana Indicators Suggest Breakout Above $80

The Fed Lower Its Rates: Bitcoin (BTC) Ready to Take Off

Join our free newsletter for daily crypto updates!