Bitcoin commenced 2024 with a strong start, surpassing the $45,000 threshold in the early days of January. This surge in value is attributed to rumors suggesting the imminent approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) within the month. The anticipation surrounding the ETF approval has positively impacted Bitcoin, along with other major cryptocurrencies, driving their prices to reach new peaks on a weekly basis. Discover the full scope of this development, including the total value in trillions of dollars of asset management companies seeking to offer Bitcoin ETF services, by reading further.
As the cryptocurrency world buzzes with anticipation for the Bitcoin ETF, this article focuses on the top three cryptocurrencies that garnered the most attention on X (formerly known as Twitter) in December 2023.
Top 3 Most Talked About Cryptocurrencies In December 2023
ICO Analytics, a prominent firm specializing in blockchain and on-chain metrics analysis, recently released their findings on the cryptocurrencies that generated the most buzz in December 2023. The report highlights that Bitcoin dominated the conversation, claiming a significant portion of the global cryptocurrency discourse. Last month, Bitcoin was the centerpiece of 24% of all cryptocurrency-related discussions on various social media platforms.
In the realm of cryptocurrency discussions in December 2023, Ethereum secured the runner-up position, accounting for 15% of all conversations on platform X within the crypto community. Following closely, ChainLink occupied the third spot, representing 8.6% of the discussions on the same platform.
What’s more intriguing is the emergence of the meme cryptocurrency BONK, which clinched the fourth position by commanding 7.5% of the total social media conversations. BONK has been drawing significant attention due to its remarkable price surges, sparking widespread discussions among investors on platform X. Notably, BONK has surged by an astonishing 910% over the past year, transforming a $10,000 investment into a whopping $101,000. In the past 30 days alone, BONK’s value has soared by 30%, delivering impressive returns to its investors.
Top 20 most discussed cryptocurrencies on Twitter (X) in December 2023. $BTC has reached 24% share of crypto mentions. Last time this level of BTC dominance was recorded during the third halving in spring 2020. TOP 150 coins by market cap were analyzed. pic.twitter.com/Drsn8rdtdQ
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Moreover, Ripple’s flagship altcoin, XRP, maintained a strong presence in the crypto conversation, securing the fifth spot with 5.3% of the discussions. XRP consistently remains a topic of interest within the community, with investors actively engaging in discussions about its potential price movements.