Social Interest Dips For Top Performers ETH, ADA, and XLM
- Santiment shared that some tokens are drifting under the radar despite their positive price performances over the past week.
- ETH’s social volume has decreased by more than 17% despite its 13+% price rise over the past seven days.
- The post shared by Santiment also pointed out that ADA and XLM are also being overlooked.
The market intelligence platform, Santiment, shared on X today that although many cryptocurrencies have flourished in the second half of October, price performance is no guarantee of social media interest. Some top performing tokens are being left in the background.
Santiment warned traders to be mindful of the fact that certain tokens may be “under the radar when compared to their social volume averages”. Chainlink (LINK) is being discussed 91% more with its 43+% weekly performance. On the other hand, Ethereum (ETH) is being discussed 17% less compared to last week despite its 13+% price increase over the past week.
The intelligence platform also pointed out that Cardano (ADA) and Stelar (XLM) are also experiencing decreased social volume despite their positive performances over the past seven days.
The lack of interest in ETH was also evident in the fact that the leading altcoin’s price decreased by over 3% since yesterday. This meant that ETH was trading hands at $1,779.45 at press time.The altcoin’s 24 hour trading volumes also ended up slipping by 3.49%, which left it settling at $9,787,067,446.
ADA, ranked as the eighth largest cryptocurrency by market cap, also saw its price decrease by 3.73% throughout the past day. This caused the Ethereum-killer’s price to drop to $0.2829, and meant that ADA was trading much closer to its 24 hour low price of $0.2789 than its high price of $0.297.
XLM suffered a similar fate as its price decreased by about 3.41%. This meant that the altcoin’s value stood at $0.1118 after its losses from the past day. It is worth noting that XLM’s weekly performance managed to stay in the green at +3.67%.
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