- WLD and LTC trended due to recent reports about them.
LTC has continued to decline, while WLD went the other way.
As a crypto investor with some experience under my belt, I’ve closely monitored the recent trending of Worldcoin (WLD) and Litecoin (LTC). Based on the available data, it appears that these two assets have been driving the headlines for different reasons.
On May 6th, Worldcoin (WLD) and Litecoin (LTC) emerged as popular choices among cryptocurrency investors based on recent data.
However, a closer examination revealed that these assets were trending for distinct reasons.
Worldcoin and Litecoin lead trending tokens
As a data analyst, I’ve recently come across some intriguing insights from Santiment. Based on their latest findings, Worldcoin and Litecoin have emerged as two highly trending cryptocurrencies. Initially, it was Worldcoin that took the lead in this trend, while Litecoin trailed closely behind.
As a researcher observing the cryptocurrency market trends, I noticed that by the close of 6th May, Litecoin (LTC) had dropped to the third spot in terms of trending popularity, while Wave Dollar (WLD) continued to hold the number one position.
As a data analyst at Santiment, I’ve identified Worldcoin’s recent surge in social media buzz as being linked to controversial comments surrounding alleged illicit financial activities. Specifically, there have been concerns raised about the involvement of Artificial Intelligence (AI) in these activities.
From my perspective as a researcher, while Wladravas Coin (WLD) drew significant interest due to the mounting excitement over the potential approval of an Exchange-Traded Fund (ETF), Litecoin (LTC) found itself on the eighth spot in the trending list.
Worldcoin and Litcoin social dominance
The comparison between the social influence of Worldcoin and Litecoin, as observed through their social dominance analysis, displayed consistent tendencies on May 6th. However, notable distinctions emerged in their respective trends based on the most recent data.
The social dominance of LTC saw a substantial increase on the 6th of May, jumping up to more than 0.76% from its earlier figure of roughly 0.45%.
However, at press time, its Social Dominance had retreated to approximately 0.63%.
As a researcher observing the data, I’ve noticed an uptick in WLD‘s Social Dominance. Specifically, it rose from 0.28% to 0.36% on May 6th.
The share of conversations about cryptocurrencies on social media is represented by the Social Dominance concept.
WLD and LTC see differing price trends
The daily price pattern of Litecoin didn’t show any response to its recent shifts in token ranking.
Examination of the chart revealed a consistent downtrend over the past four days.
As a crypto investor, I’d put it like this: On the 6th of May, Litecoin (LTC) closed at roughly $80.8. However, over the following days, its value took a hit, with a 0.65% decline. Currently, LTC is trading around $80.3, and it looks like there’s another potential decrease of approximately 0.5%.
From my perspective as a crypto investor, while other coins were showing downtrends, Worldcoin stood out with a three-day streak of growth. Analyzing its chart, I noticed that after trading at $6 on May 6th, it surged by more than 4%.
At the current moment, its trading price hovered around $6, experiencing a nearly 1% increase.
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2024-05-07 19:04