After Bitcoin, This Altcoin Could Pump Next According to Social Trends: Sentiment

Due to Bitcoin’s persistent rally over the past week, the cryptocurrency’s market cap is just a few steps away from reaching $2 trillion, and social media is abuzz with excitement.

A tweet from on-chain analytics platform Santiment revealed that social media is abuzz with speculation about which cryptocurrencies may experience major isolated rallies in the coming weeks. As a result, some crypto assets are trending, and users are analyzing their possible upward trajectory as the bull cycle continues.

BTC leads social media trends

Bitcoin remains the number one trending crypto asset. The digital currency has surged over the past 30 days, rising 44% from $67,400 to a current value of over $97,000. Despite consolidating between $89,000 and $91,000 earlier this week, the asset is up about 5% in the past 24 hours, hitting a new all-time high above $97,800.

Social media discussions about BTC revolve around its new all-time highs, the investment potential of the asset, and the upward momentum generated by the excitement and optimism within the crypto sector that it could see the coin will crush $100,000 soon.

There is also bearish sentiment stemming from concerns about market manipulation, skepticism and caution about bitcoin’s recovery. Investors are wondering when BTC will peak for this surge and retrace its steps.

The correlation between MSTR and BTC

Another cryptocurrency that has been circulating on social media is Litecoin (LTC), which has been classified as the silver to bitcoin’s gold. BTC was created to serve as a store of value, but LTC was designed to be suitable for everyday use, providing faster transactions and lower fees.

According to Santiment, cryptocurrency users talk about the stability of Litecoin compared to bitcoin and speculate on the future price prediction of the cryptocurrency. Bullish sentiment focuses on LTC’s strong historical presence and potential growth, while bearish views revolve around concerns about the asset’s long-term viability as a store of value due to the lack of features unique compared to bitcoin. At the time of writing, LTC was worth $90, up 5% daily and 27% monthly.

Meanwhile, business intelligence firm MicroStrategy has also been trending on social media due to its adoption of BTC as a treasury reserve asset. MicroStrategy’s relentless acquisition of BTC since 2020 has positively impacted the value of the company’s stock, MSTR. Users are analyzing the correlation between MSTR’s performance and Bitcoin’s price movements and believe the stock could see further gains as BTC continues to rise.

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