Santiment Reveals: Social Volume of These Three Altcoins Is Exploding

Cryptocurrency analysis company Santiment published the three altcoins that have recently gained the most interest in terms of social volume in its latest post.

According to analysts, altcoins with the highest social volume growth include LooksRare (LOOKS), Avalanche (AVAX), and Beam (BEAM).

Analysts point to recent raffles and giveaways organized by LooksRare, an NFT platform, as the reason for the increase in social volume that LOOKS has.

On the AVAX side, it is thought that the increase in interest is due to the altcoin’s recent price increase. AVAX, the world’s 12th largest cryptocurrency, has grown by 11% in the last five days and can be said to have performed better than other altcoins.

On the other hand, the increase in interest in BEAM, the only game-themed altcoin among the trio, may be due to the fact that users have recently shown a special interest in privacy-enabled cryptocurrencies, according to Santiment analysts. The analysts also added that there are many posts on social media platforms regarding Beam’s development and community interactions.

*This is not investment advice.