Experts from Santiment spoke about the most popular altcoins in recent days
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Johny Smith
2024/10/29
3 mins read
Amid volatility in the cryptocurrency market, LooksRare (LOOKS), Avalanche (AVAX) and Beam (BEAM) tokens have become the most discussed assets on social networks, as reported by employees of the analytical platform Santiment. These coins have become the focus of attention among traders looking for speculative opportunities.
The LOOKS token has received increased attention through a number of events, including giveaways and promotions on the NFT platform, causing a surge of interest and positive discussions in the crypto community. The platform offers users a new way to interact with NFTs, and its active marketing campaign aimed at maintaining interest is helping to increase popularity.
The AVAX token has shown a price increase of 11.1% over the past 5 days, which also caused discussions on various forums and social networks. Increased interest in the asset stems from its integration into gaming and decentralized finance (DeFi), as well as Avalanche’s development in the context of broader blockchain ecosystems.
BEAM, a privacy-focused cryptocurrency, also made it onto the list of tokens being discussed. Users are interested in its latest technical advancements, including compatibility with the Ethereum Virtual Machine (EVM). This expands the developer experience and integrates Beam with existing Ethereum-based applications.
However, despite the high interest in these tokens, the overall tone of the discussions varies. For example, LOOKS And AVAX are facing concerns about general market volatility and possible competition from other altcoins and platforms, which is reflected in discussions on X and other social platforms. Traders are expressing concern about potential downside risks and uncertainty over the long term.
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