Santiment, a market intelligence platform, has announced that Cardano has gained significant social media interest compared to Ethereum and Dogecoin. The firm also found that Bitcoin dominates crypto discussions across various platforms. A study from the University of Georgia revealed that social media users are more likely to invest in cryptocurrencies, with only 10% of non-social media users having invested. Santiment suggests that the shift in attention from meme coins to Bitcoin and Layer 1 assets like Cardano indicates a more stable and sustainable market environment. This increased focus on Cardano reflects a mature and informed approach by the crypto community, emphasizing security, innovation, and real-world adoption. Additionally, Santiment highlights that Cardano's market cap has recovered by 11% while Ethereum's has dropped by 36% in recent weeks. The reduced amount of Ethereum available for sale suggests confidence among investors and lowers the likelihood of major selloffs in the future. Dogecoin whale transactions have also decreased, indicating reduced interest in the digital asset.
Content Editor ( cryptopolitan.com )
- 2025-02-12
Cardano gains unusual social media interest as Ethereum and Dogecoin falter
