Crypto analytics platform LunarCrush announced the top 10 cryptocurrencies based on social interactions last week. Shiba Inu (SHIB), the chest coin known in a different form, failed to make the list.
The 10 most beautiful cryptocurrencies according to social interactions
Koindeks.com As you follow, the prices of the best assets in the crypto market have hardly fluctuated this week. Bitcoin remained calm around the $19k threshold, while Ethereum oscillated sideways between $1.2k and $1.3k.
However, the community continued to discuss the possibility of a possible rebound against the prospect of a prolonged bearish trend. In fact, the expiration of today’s options was also a point of contention. As a result, Bitcoin and Ethereum managed to achieve the highest social participation this week.
Recently, DOGE, the biggest chest coin, has become irrelevant. However, in the last few days, it has managed to gather social attention thanks to Elon Musk. Musk announced on October 12 that his customers will be able to purchase the ‘Burnt Hair’ perfume using Dogecoin. And presumably that contributed to this week’s refined societal shift.
Aptos ranked fourth on the list. This cryptocurrency has been trending on social platforms even before its official launch. As highlighted in a recent article, the project received a lot of backlash on social platforms regarding slow TPS processing. Alongside this, FUD listings and tokenomics discussions have also been the subject of widespread discussion.
Three other cryptos from the top 10, Solana, XRP and Cardano, managed to make the list. The community is more interested in the investment side of Cardano and Solana. However, the situation is slightly different for XRP. NFTs in XRP Ledger and the ongoing litigation against the SEC are in the midst of Ripple’s talking points. Axie Infinity, Velas and Tezos, who have very high social interactions, also found their place in the list.
Shiba Inu (SHIB) failed to make the list
Surprisingly, the Shiba Inu was unlisted. SHIB Army has always been very enthusiastic and attractive on social platforms such as Twitter. From sharing and approving updates and posts to discussing burn rates and possible price movements, they were mostly on their feet.
As of late, however, the community is starting to feel that things have become redundant within the ecosystem. Of course, there have been systematic updates and releases for the Shiba Inu, such as the ShibaEternity game. However, they did not essentially help the asset’s price recovery.
On the other hand, all major projects are being delayed, such as the Shibarium, which the community believes can sustainably raise the price of the Shiba Inu (SHIB). Presumably that’s why they’re losing interest. The Shiba Inu is currently seeing a 6% weekly price drop. Also, social mentions and engagements about Shiba Inu fell 7.7% and 2.8%, respectively.