Bitcoin entered 2024 on the front foot as it climbed above the $45,000 mark in early January. The price rise comes after speculations that the U.S. Securities and Exchange Commission (SEC) will approve Bitcoin ETF this month. Bitcoin and other leading cryptocurrencies are riding the ETF approval wave sending prices to touch new weekly highs. Read here to know how many trillion dollars worth of asset management firms have applied to provide Bitcoin ETF services.
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Now that the cryptocurrency community is eagerly awaiting the Bitcoin ETF, in this article, we will highlight the top 3 cryptocurrencies that were most talked about on X (formally Twitter) last month in December 2023.
Top 3 Most Talked About Cryptocurrencies In December 2023
Leading on-chain metrics and blockchain analytical firm ICO Analytics published a report on the most discussed cryptocurrencies of December 2023. According to the data, Bitcoin takes the lion’s share of the top most talked about cryptocurrency in the world. Bitcoin was the main topic of discussion last month taking 24% of the overall exchange of views on social media.
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Ethereum took the second spot at 15% of all the discussions on X among the cryptocurrency community. ChainLink came third with 8.6% of all discussions on the X platform last month in December 2023.
Surprisingly, meme currency BONK came fourth dominating 7.5% of the overall discourse on social media. BONK is gaining attention for its sudden price runs making investors talk about the project on X. For the uninitiated, BONK is up 910% since the last 365 days, making an investment of $10,000 turn into $101,000. In the last 30 days alone, BONK skyrocketed 30% delivering stellar returns to investors.
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In addition, the leading altcoin, Ripple’s native token XRP stood in fifth place at 5.3%. XRP is never out of touch with the community as investors discuss its price prospects.