- On-chain analysis platform Santiment has identified the two most trending altcoins in the crypto market on May 6th.
- The two projects highlighted as the most trending are Worldcoin (WLD) and Litecoin (LTC).
- The analysis suggests that WLD’s rise is directly linked to the overall trend of artificial intelligence, while Litecoin’s spot ETF expectation is strengthening the buying pressure.
Discover the two most trending altcoins in the crypto market, as identified by on-chain analysis platform Santiment. Learn about the factors driving their popularity and the latest market trends.
Santiment Identifies Top Trending Altcoins
On May 6th, Santiment, a leading on-chain analysis platform, shared the two most trending altcoins in the crypto market. The platform identified Worldcoin (WLD) and Litecoin (LTC) as the two most trending projects. Santiment evaluates whether a project is trending or not based on data such as social media interactions and on-chain activities. On May 6th, the platform noted that the activities around WLD and LTC were much higher compared to other altcoins.
Factors Driving the Popularity of WLD and LTC
Analysts at Santiment suggest that WLD’s rise is directly linked to the overall trend of artificial intelligence. As for Litecoin, the expectation of a spot ETF is said to be strengthening the buying pressure. According to data from CoinGecko, WLD gained 2% in value in the last 24 hours, reaching $6.17, while LTC rose by 0.6%, reaching $81.72.
Conclusion
With the ever-changing trends in the crypto market, keeping an eye on the most trending altcoins can provide valuable insights for investors and traders. As per Santiment’s analysis, Worldcoin and Litecoin are currently leading the pack, driven by factors such as the AI trend and spot ETF expectations. However, as always in the crypto world, trends can change rapidly, and it’s crucial to stay informed and make decisions based on thorough research.
