YEREVAN (CoinChapter.com) — Following a Bitcoin dip to below $93,000 on Nov. 25, traders have shifted their focus to altcoin discussions, according to data from Santiment. While Bitcoin struggles to maintain its highs, tokens like Sandbox (SAND), Stellar (XLM), and Ethereum (ETH) are trending among market participants.
Altcoins Discussion Nov26 Santiment. Source: X
Santiment’s social sentiment tracker highlighted that these altcoins are leading cryptocurrency trends, with traders expressing growing interest across social platforms.
Altcoin Social Trends Nov26. Source: Santiment Altcoins to Watch: Sandbox Leads Cryptocurrency Trends
Among the top altcoins, Sandbox (SAND) stands out due to increased confidence in metaverse investments. According to Santiment analytics, discussions around SAND reflect optimism about the token’s potential as metaverse-related tokens gain traction again.
Santiment’s dashboard data reveals that traders are actively speculating about Sandbox and its future in the cryptocurrency trends landscape. Despite earlier downturns, the altcoin discussions suggest a revival in the metaverse space.
Stellar Gains Attention Amid Market Activity
Stellar (XLM) is generating interest among traders, particularly in Korean markets, following a political event linked to the token. This has driven significant altcoin discussions as traders analyze its price movements and potential.
The social sentiment tracker identified a surge in mentions of XLM, with market participants associating it with price rallies and heightened trading activity.
Ethereum’s Market Sentiment Remains Positive
Ethereum (ETH) continues to dominate cryptocurrency trends, with traders noting its historical performance and ecosystem value. Social media conversations highlight optimism about Ethereum’s potential to outperform other large-cap cryptocurrencies under favorable market conditions.
Despite growing interest in altcoin discussions, the market faced over $518.8 million in liquidations within 24 hours, according to CoinGlass data. Long liquidations accounted for $389.3 million, while short positions made up $129 million. Altcoins experienced the most liquidations during this period.
Other Altcoin Tokens Draw Social Media Attention
Beyond the top tokens, Pleasure Token (NSFW), Tornado (TORN), and Axie Infinity (AXS) showed notable increases in social mentions, based on Santiment analytics. These cryptocurrencies experienced sharp rises in social volume, indicating increased trader interest.
A crypto trader known as Moustache shared their perspective on X, suggesting that despite the recent market downturn, “Altcoins are just warming up here,” and hinted that the “real party” is yet to come.
Altcoin Trend Chart Nov26 – Moustache. Source: X
Similarly, another trader, Eugene Ng Ah Sio, expressed caution in a Nov. 26 post on X, stating they would be “watching & waiting” due to the market’s increasing unpredictability.
“This has been the most challenging bull market altseason I think I’ve experienced,”
Eugene noted, emphasizing the difficulty of anticipating capital flows and the extent of market movements.
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