Santiment: "When Bitcoin Falls, Investors Still Pay Attention to These Three Cryptocurrencies"

While Bitcoin has dropped to $93,000 in recent days, investors’ interest in the cryptocurrency market remains high. According to a post by the Santiment analytics platform, despite the drop in Bitcoin’s price, investors are still showing interest in some altcoins. Santiment indicates that there are three types of cryptocurrencies being targeted by investors as Bitcoin falls, based on social media discussions. According to the data, Sandbox (SAND), Stellar (XLM), and Ethereum (ETH) are the focus of investors and are the most discussed altcoins on social media, he said. Despite Bitcoin dropping to 93,000 dollars, investors are still keeping an eye on some popular altcoins: Sandbox (SAND): Significant resurgence in investments related to the Metaverse and increasing investor confidence in SAND and related tokens indicate a shift towards GameFi and metaverse projects. Stellar (XLM): The growing interest from South Korean investors following a political incident further highlights XLM’s appeal to crypto investors. On social media, XLM is associated with price increases and market analysis, reinforcing its importance in current market dynamics. Ethereum (ETH): The price performance of Ethereum is widely discussed compared to other cryptocurrencies such as Bitcoin and XRP. Users are expressing optimism about the superior potential of Ethereum over other large-cap assets, especially considering the positive market conditions seen for the second-largest market cap cryptocurrency. Santiment notes that in addition to SAND, XLM and ETH, many other altcoins including Pleasure Token (NSFW), Tornado (TORN) and Axie Infinity (AXS) are among the altcoins with the highest trading volume on social networks in the past 24 hours.