Following the U.S. Federal Reserve’s decision to aggressively lower interest rates by 50 basis points, Bitcoin and many altcoins surged. However, three altcoins, in particular, became the most discussed topics across social platforms.
The Top 3 Trending Altcoins: Bittensor (TAO), Hamster (HAM), and NEAR
According to Santiment, a crypto analytics firm, these three altcoins saw the highest increase in discussions on Monday:
- Bittensor (TAO): With a 127% price increase, Bittensor led the discussions as more traders called for further gains.
- Hamster (HAM): This altcoin stirred controversy due to anger over airdrop manipulations and perceived unfairness in token distribution.
- NEAR: The NEAR community saw excitement building around its projects, particularly the OLYMPIAD Campaign, leading to increased attention.
Bittensor (TAO) Surge Driven by Hype
Bittensor’s incredible rise has caught the attention of investors, making it one of the most discussed coins of the day. The token’s 127% price surge triggered speculation and predictions of even greater heights, driving more users to join the conversation.
Hamster (HAM) Faces Airdrop Backlash
While Hamster also gained attention, it was not entirely positive. The community expressed outrage over airdrop manipulation and reports of cheating, sparking debates on fairness and governance within the project.
NEAR Gains Popularity with Community Engagement
Lastly, NEAR Protocol captured significant attention due to its OLYMPIAD Campaign and other community initiatives. NEAR’s ability to build excitement around its ecosystem further increased its prominence across social channels.
