The top market leaders ranked by Social Market Trend are Ethereum, Solana, and BONK. ETH ETF approval has positive sentiments, and this has also been a catalyst for BONK, and SOL has been recognized as the fastest blockchain.
According to the tweet from LunarCrush on the X platform, the various social metrics charts available on the LunarCrush website have appeared healthy across the crypto market in the past 24 hours, with social and market activity elevating higher. LunarCrush also shared an image with market leaders of the past 24 hours, in which the top 3 are Ethereum (ETH), Solana (SOL), and Bonk(BONK).
The charts are looking healthy across crypto today with both social and market activity zooming higher. Current leaders…
— LunarCrush (@LunarCrush) May 21, 2024
Ethereum $ETH
Solana $SOL
Bonk $BONK
CANOT $CANTO
Pendle $PENDLE
DOG•GO•TO•THE•MOON $DOG
Brett $BRETT
Gnosis $GNO
Pepe $PEPE
FriendTech $FRIEND… pic.twitter.com/rkTbVmqKTO
These cryptocurrencies have sparked significant social media interest in the past 24 hours. They are ideal for understanding current interest levels and predicting potential market changes.
Top Ranked Crypto’s Based on the Market Trend:
Ethereum(ETH)
According to the LunarCrush data, the Ethereum (ETH) price traded at $3,684.40 with a massive +20.43% increase. Its sentiment rocketed to 85%.
This trending crypto project has seen a significant increase in price value recently. Bullish sentiments encircling ETH include excitement over its price boost, expectation of an ETH ETF approval, and positive market momentum.
Moreover, there are speculations that an ETH ETF approval could increase interest in tokenization projects and market cap gains for the altcoins. Similarly, the SEC’s potential approval of spot ether exchange-traded funds could also contribute to the positive sentiment around ETH. Overall, the market is optimistic about the future of ETH and its potential for further growth.
Solana (SOL)
In the image shared by Lunarcrush, Solana holds the second position in the list with the price at $187.72 and an +11.14% gain. Its sentiment has surged 83%.
As per the Santiment chart, the Solana coin has been gaining a lot of attention and momentum in the crypto space. It has been outperforming other projects like Ethereum and Bitcoin, with many users on social media platforms expressing their bullish sentiments towards SOL.
Additionally, SOL has been recognized as the fastest blockchain, with high transaction speeds and a growing number of DEX transactions. With the potential for Solana to compete with Ethereum and reach new all-time highs, many investors are optimistic about its future growth and potential for significant price increases.
Bonk (BONK)
According to the tweet on X from santiment feed on the X platform, the hype surrounding Ethereum’s first spot ETF has also been a catalyst for Bonk and other meme coins.
The hype surrounding #Ethereum's first spot #ETF has been a catalyst for one of #crypto's top 5 days of 2024. $ETH, $UNI, $PEPE, $BONK, & $LDO are all over +20% in 24 hours. #Bitcoin's jump to $71.4K for the 1sttime in 6 weeks is almost an afterthought. https://t.co/M1HK8sT5jw pic.twitter.com/fC9735hQ0e
— Santiment (@santimentfeed) May 21, 2024
In particular, the BONK price has been trading near $0.00003192 with an intraday increase of +28.11%. Its sentiment peaked around 82%.
Moreover, the social volume has also started increasing, highlighting that it might be gaining a lot of attention from users, with many users on social media platforms expressing their bullish sentiments towards BONK.
