If the fingers itch from typing and the keyboards glow, then the probability is high that Elon Musk has tweeted something about Dogecoin (DOGE) again.
Twitter, in particular, has now become a kind of clubhouse for crypto enthusiasts. But not only the controversial dog token triggers discussions on social media.
The data auditors of ICO Analytics conducted an analysis of the most mentioned cryptocurrencies on the microblogging platform in June 2022. The analysis company examined the mentions of the 150 largest cryptocurrencies by market capitalization. These are the results.
The Top 3 Cryptocurrencies on Twitter
1. Solana (SOL)
The “Ethereum killer” Solana (SOL) can also boast a conglomerate of headlines in June and is said to have accounted for a whole 35 percent of mentions. The month began with difficulties, as the blockchain already experienced the fifth network outage of the year.
However, things continued to be bumpy for the altcoin. A Solana whale threatened to endanger the entire network by liquidating its debts – more on that here.
The light at the end of the tunnel reached Solana with the announcement of the first crypto mobile phone ever. The Smartphone Saga is intended to enable users to manage cryptocurrencies and NFTs on their mobile phone. However, the community reacted mixed.
2. Ethereum (ETH)
With “The Merge”, the crypto event of the Year takes place on the Ethereum network. The conversion of the consensus mechanism from proof of work to proof of stake is not only a novelty in the crypto space, but also associated with great risks.
No wonder that news about the changeover is also heating up the minds on Twitter. For example, the test run for PoS on the oldest Ethereum testnet called Ropsten started at the beginning of the month.
Nevertheless, the DeFi top dog had to cope with a small stumbling block: the Difficulty Bomb had to be postponed. It ensures that the difficulty in PoW increases exorbitantly and that it ultimately becomes almost impossible to find a valid block.
So it’s no surprise that people are tweeting like crazy about Ethereum on Twitter.
3. Bitcoin (BTC)
Of course, the mother of all cryptocurrencies should not be missing in the ranking. While Bitcoin searches reached a one-year high in June, the BTC price also had to make some compromises and slipped below the psychologically important $ 20,000 mark.
However, this could have been a reason for one or the other large investors to pocket a particularly large number of Satoshis. In any case, the usual suspects El Salvador and MicroStrategy unabashedly attacked as usual.
You want to buy Ethereum (ETH)?
This is possible, among other things, via eToro. eToro offers investors, from beginners to experts, a comprehensive crypto trading experience on a powerful yet user-friendly platform.