cryptocurrency marketThe importance of social media continues to be maintained. The latest report prepared by LunarCrush examined the social media activities of cryptocurrency projects. According to the report, Solana (SOL) and Dogecoin $0.336461 (DOGE) became the most talked about altcoin projects on social media.
Solana and Dogecoin Rank First
According to data from LunarCrush solanais at the top with 107 thousand social media posts and 37.7 million interactions. Solana’s dominance on social media accounted for 11.9 percent of total social interactions. second place dogecoin It achieved a social dominance of 3.05 percent with 27.3 thousand posts and 16.8 million interactions. These two altcoins continue to be a strong focus in the cryptocurrency community.
Cardano 
$0.957252 (ISLAND), Unicorn Finance (UFD) and Sui (SUI) draws attention with 20.4 thousand, 17.3 thousand and 12.3 thousand posts, respectively. Although their interaction rates are not as high as Solana and Dogecoin, these altcoin projects reach a significant audience.
New Projects on the Rise
Among the lesser-known but rapidly rising altcoin projects Multilayer Governance (MLG), Chainlink 
$20.4 (LINK) and Pengu Finance (PENGU). These altcoins stand out for their strong engagement rates as well as social media posts. In particular, MLG and LINK appear to have reached a large user base with social dominance rates of 1.15 percent and 1.10 percent.
The report also Zen Protocol (ZENT) and Avalanche 
$37.7 It seems that altcoin projects such as (AVAX) are also included. Zent Protocol received 450 thousand interactions and Avalanche received 1.45 million interactions. Social dominance rates were determined as 0.95 percent and 0.85 percent, respectively.
All this data altcoin It reveals how important the presence of projects on social media is. As it is known, investors tend to show more interest in projects where communities are active. In this regard, LunarCrush’s report reveals the impact of social media on decision-making processes in the cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
