Santiment Named Three Altcoins: According to Data, These Are the Most Talked About!

Bitcoin and Popular Cryptocurrencies in the Market after Trump's Inauguration

Bitcoin (BTC) commenced the week with vigor and established a new record high. This surge was fueled by the anticipation surrounding Donald Trump's inauguration. However, the absence of any mention of Bitcoin or cryptocurrencies in Trump's address triggered a sharp decline.

As the market navigates this post-inaugural landscape, on-chain analytics platform Santiment has revealed the most discussed cryptocurrencies.

According to their data, memecoins garnered substantial attention post-inauguration, with Dogecoin (DOGE), TRUMP, and MELANIA emerging as popular subjects.

Memecoin Trends:

• TRUMP: Discussions revolved around the risks associated with investing in a highly volatile market following the coin's listing on Coinbase.
• MELANIA: Trending due to its recent launch as a memecoin, generating notable market activity and volatility. Its association with the Trump memecoin has sparked controversy. Despite an initial valuation exceeding $9 billion, the coin has experienced significant fluctuations amidst market uncertainty.
• DOGE: Trended due to its link to the newly established US Department of Government Efficiency led by Elon Musk, which features Dogecoin as its logo. The initiative has generated controversy and social media buzz, connecting the cryptocurrency to government operations. Rumors of potential memecoins associated with public figures such as Trump and Musk have also contributed to speculation about Dogecoin's future performance and significance within the crypto space.

Disclaimer: This information is not intended as investment advice.