Day by day, the cryptocurrency world is growing at an incredible rate. In parallel, we are witnessing how people are becoming more and more interested in dealing with cryptocurrencies. It is an undeniable fact how altcoin projects dominate social media platforms. Social Volume is a very important metric that investors should consider before investing. For this Cryptocoin. com we take a look at 15 altcoin projects that are experiencing a social media boom.
Social volume and cryptocurrency
Social Volume is built on social data. Simply put, this measures how many times or how much a cryptocurrency is searched or typed in search engines. Crypto investors are informed about the crypto money they will invest by looking at the data shown by the metric in question.
How can the data be interpreted for altcoin projects?
According to CrytoDiffer, which publishes important news and statistics on altcoin projects, the top 15 cryptocurrencies in terms of Social Volume, a social indicator for cryptocurrencies, are as follows:
According to data from CrytoDiffer, the Shiba Inu (SHIB) seems to have surpassed other cryptocurrencies with a notable volume of 166,640. It should come as no surprise that Solana (SOL) has reached 134880 volumes as it has shown a significant rise in price and volume over the past weeks. Ethereum comes right after Solana. In fourth place is Dogecoin with 94000 volumes. 5th place belongs to PancakeSwap. In sixth place is SAFEMOON with a volume of 46870, followed by ADA with a volume of 42150. CATE and Tezos are eighth and ninth, with volumes of close to 40000. Moonriver (MOVR) is in 10th place with 37490. AX eleventh. The last four places in social volume are NFTB, DOT, EGLD and MATIC, respectively.