If your fingers are itching from typing and your keyboards are glowing, chances are 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 from ICO Analytics conducted a analysis of the most mentioned cryptocurrencies in June 2022 on the microblogging platform. The analytics 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 full 35 percent of the mentions. The month began with difficulties as the blockchain experienced its 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 debt – read more here.
Solana saw the light at the end of the tunnel with the announcement of the first ever crypto phone. The Smartphone Saga aims to enable users to manage cryptocurrencies and NFTs on their mobile phones. However, the community’s reaction was 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 involves great risks.
It’s no wonder that news about the changeover is also heating up tempers on Twitter. The test run for PoS on the oldest Ethereum testnet called Ropsten started at the beginning of the month.
The DeFi top dog still 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 ultimately it becomes next to impossible to find a valid block.
So it’s no surprise that people on Twitter are tweeting about Ethereum like crazy.
3. Bitcoin (BTC)
Of course, the mother of all cryptocurrencies should not be missing in the ranking either. While Bitcoin searches hit a yearly high in June, BTC price also took a few hits, slipping below the psychologically important $20,000 mark.
However, that could have been a reason for one or the other large investor to pocket a particularly large number of Satoshis. In any case, the usual suspects El Salvador and MicroStrategy grabbed it unabashedly as usual.
Looking to buy Ethereum (ETH)?
This is possible via eToro, among other things. eToro offers investors, from beginners to experts, a comprehensive crypto trading experience on a powerful yet easy-to-use platform.