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Cryptocurrency News Articles

Kaito's Token Mindshare: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Pudgy Penguins (PENGU), and Fartcoin (FARTCOIN) Attract the Most Attention

Dec 19, 2024 at 01:05 pm

According to the top gainers on the AI-based Web3 search platform Kaito's Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market)

Kaito's Token Mindshare: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Pudgy Penguins (PENGU), and Fartcoin (FARTCOIN) Attract the Most Attention

Top cryptocurrencies attracting attention on the 19th, according to Kaito's Token Mindshare

Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Pudgy Penguins (PENGU), and Fartcoin (FARTCOIN) were the top five cryptocurrency keywords attracting the most attention on the 19th, according to AI-based Web3 search platform Kaito's Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market).

Bitcoin, the leading cryptocurrency, ranked first. Bitcoin fell below the $100,000 mark as the U.S. Federal Reserve hinted at a moderation in the pace of interest rate cuts through the Federal Open Market Committee (FOMC). This volatility in Bitcoin seems to have drawn significant investor interest. However, as of 1:48 PM, the decline has slightly reduced, with Bitcoin trading at $100,851, down 2.90% from the previous day.

Ethereum took the second spot. Like Bitcoin, Ethereum also experienced a sharp decline today. In particular, about 175 billion KRW ($121 million) was liquidated in the futures market over the past 24 hours, raising investor concerns.

Solana ranked third. Solana attracted investor attention following news that a Solana-based project was selected for Binance Alpha, Binance's altcoin listing project. Tokens registered with Binance Alpha the previous day include Komainu (KOMA), Cheems (CHEEMS), APX (APX), ai16z (AI16Z), AiXBT (AIXBT), CakePie (CKP), Gearbox Protocol (GEAR), Stader (SD), Maple Finance (SYRUP), and Fartcoin (FARTCOIN). Among these, the Solana-based altcoins are Fartcoin and ai16z.

The fourth spot went to the trending meme coin Pudgy Penguins. Pudgy Penguins recorded the highest growth rate among major cryptocurrencies today, attracting investor interest. Having emerged amid public attention on the 18th, Pudgy Penguins achieved a growth rate of 1000% in just about seven days. It is currently trading at $0.03169, up 4.29% from the previous day.

Fartcoin took the fifth spot. As previously mentioned, Fartcoin attracted investor interest by being selected for Binance Alpha. It is currently trading at $0.9015, up 21.64% from the previous day. However, there is also significant criticism directed at Fartcoin. Jacob King, an analyst at WhaleWire, pointed out on X (Twitter) that "the current crypto market is a casino. Fartcoin's market cap has surpassed $900 million, exceeding the value of most publicly listed companies."

Additionally, investors are showing interest in AiXBT, HyperLiquid (HYPE), USDC, Tether (USDT), and Coinbase.

News source:bloomingbit.io

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