TRON (TRX) and Dogecoin (DOGE) placed in this prestigious ranking: details

TL;DR

TRON was one of the most talked about crypto topics over the past week for a number of potential reasons. Cryptocurrencies related to artificial intelligence and the GameFi sector also attracted attention, with several tokens experiencing significant price increases during the same period. The ones that make the biggest waves

According to crypto analytics platform Santiment, the top 3 crypto social narratives that created the most impression in the last seven days include the price of bitcoin, TRON and Dogecoin.

The valuation of the leading digital asset went through numerous highs and lows during this period. Although BTC was worth less than $60,000 a week ago, it recorded a substantial rally between August 23rd and 26th.

Its rally came shortly after US Federal Reserve Chairman Jerome Powell said the time has come to lower interest rates in the largest economy. He said the exact timing and pace of the effort will depend on “incoming data, the evolving outlook and the balance of risks.”

After the announcement, the price of BTC broke above $62,000, continuing the uptrend in the coming days to reach almost $65,000. The positive performance may have been further fueled by Robert F. Kennedy’s decision to withdraw from the US presidential election and support Donald Trump.

The former US political leader has recently shown a pro-crypto approach, with many industry participants believing the sector would thrive if he emerges victorious after this November’s election.

However, BTC was unable to sustain the momentum, plummeting to $58,000 several hours ago before recovering to its current level of approximately $60,000 (according to CoinGecko data).

BTC Price, Source: CoinGecko

TRON has also hit the headlines, with the price of TRX, the blockchain protocol’s native token, soaring to a 40-month high of nearly $0.17 on August 26. As CryptoPotato reported, the rally positively affected investors in the asset, with 100% of them sitting on paper gains at the time.

Another factor that puts TRON in the spotlight could be the launch of thousands of meme coins on SunPump (a platform associated with Justin Sun that allows users to create tokens in minutes). The largest such coin is currently Sundog (SUNDOG), whose market capitalization exceeded $250 million.

Dogecoin has not been involved in any breaking news over the past week, while its price has retreated by 3% over that period. However, it seems that token remains one of the most popular topics in the crypto space.

This could be so because of its strong community, millions of investors and high-profile endorsements in the past. Those who follow industry developments should be aware that DOGE is the favorite cryptocurrency of Elon Musk, who often highlights its merits.

What else is on the list?

Artificial intelligence (AI) and GameFi brought together Santiment’s top 5 clubs. AI-related cryptocurrencies have performed quite well on a seven-day scale, with prices of some of the leaders soaring by double digits.

The Artificial Superintelligence Alliance (FET), for example, exploded nearly 50%, hitting a local high of $1.47 on August 27. It is currently trading around $1.32, representing a 550% increase since August 2023.

Price DONE, Source: CoinGecko

The GameFi niche has also witnessed a substantial resurgence. The largest such tokens, Immutable (IMX) and Floki Inu (FLOKI), saw their prices increase by 23% and 25% (respectively) in one week. Beam (BEAM), GALA (GALA) and ApeCoin (APE) have also risen, albeit more modestly.

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