According to a report by LunarCrush, Solana and Dogecoin have become the leaders among altcoin projects in terms of social media popularity. Social media is playing an increasingly important role in the popularity of crypto projects and investor decision-making.
Leaders Solana and Dogecoin
- Solana (SOL): 107 thousand publications and 37.7 million interactions, with a social interest share of 11.9%;
- Dogecoin (DOGE): 27.3 thousand publications and 16.8 million interactions, share - 3.05%.
The popularity of these particular projects can be easily explained: Solana is still a haven for a larger share of the meme-token market. According to statistics, meme-tokens on Solana generate much more profit than on Ethereum or any other blockchain. As for Dogecoin, it's both a meme coin and Ilon Musk's favorite toy that he pampers from time to time. It's strange that Shiba didn't make the list, although it's also a Top 20 cryptocurrency meme.
Other notable projects
- Cardano (ADA): 20.4k publications;
- Sui (SUI): 12.3k publications;
- Chainlink (LINK): 1.1% share of interest;
- Avalanche (AVAX): 1.45 million interactions, 0.85% share;
- Zent Protocol (ZENT): 450k interactions.
We can also highlight here Cardano, whose native token is attracting interest from investors. Initially, the reason for the interest was a major network upgrade, which took place in September 2024 and improved the work of the blockchain. It can also be attributed to Cardano creator Charles Hoskinson's harsh words towards Ethereum: the project's governance model depends too much on the network's co-founder Vitalik Buterin.
The report emphasizes that projects with an active community attract more attention from investors, confirming the importance of social networks in the cryptocurrency industry.
