According to U.Today, cryptocurrency analytics firm Santiment has reported that Cardano (ADA) and Bitcoin (BTC) are currently leading in terms of social media engagement. Charles Hoskinson, the founder of Cardano, recently announced that the proof-of-stake network is on the brink of the Chang hard fork. This update is expected to be the most significant for both Cardano and the wider industry.
During the 'Voltaire' phase of the roadmap, Cardano plans to implement a new governance model that will put the community in control. Hoskinson believes that this will make Cardano the blockchain with the most advanced governance system. Despite the strong social media engagement following this announcement, Cardano's native token has only seen a slight increase of 0.5% over the past 24 hours, and it remains in 11th place with a market capitalization of $15.6 billion.
On the other hand, Bitcoin has been a hot topic due to its recent price fluctuations. Last week, the largest cryptocurrency by market cap failed to surpass the $72,000 mark due to strong jobs data. At the time of writing, it is trading at $69,920, with bulls and bears battling for the crucial $70,000 level. Bitcoin also generated some social media buzz after achieving its second-highest weekly close to date. Social media users have been frequently comparing Bitcoin's market cap to major companies such as Apple, as per Santiment's data.