Shiba Inu, Ripple, Cardano, and Ethereum Social Interests Spike Despite Collapse

September 19, 2022 Editor Ripple 0

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Social interests in ADA, XRP, SHIB, ETH, and Matic have continued to soar while discussions about other cryptos have reduced.

Despite the plunge in cryptocurrency prices over the weekend, certain digital currencies have recorded massive spikes in social engagement in the past few days.

Leading cryptocurrency on-chain and social metrics platform, Santiment, has shared interesting stats about the top crypto assets with good social engagements. 

According to Santiment, the top crypto assets with good social interests in the past few days include Ripple (XRP), Cardano (ADA), Shiba Inu (SHIB), Ethereum (ETH), and Polygon (MATIC).

While these cryptocurrencies have been highly mentioned across various social media platforms, including Twitter and Facebook, other digital currencies have seen lower engagements. 

“Crypto markets have obviously taken a big hit over the past week, but it’s interesting to see where social interests have shifted. ETH, XRP, ADA, MATIC, and SHIB have increased in discussions, while most other assets are being discussed far less,” Santiment tweeted. 

Notably, the cryptocurrencies that made a list have at least one development that is underway or has been implemented. It is not surprising to see Cardano, Ripple, Shiba Inu, and Ethereum on the list.

What’s Fueling ADA, XRP, and SHIB Social Engagements?

Cardano is close to launching its much-anticipated Vasil hard fork. The upgrade is considered Cardano’s most significant hard fork since the network launched. Vasil was earlier scheduled to roll out in June, but due to unforeseen circumstances, the upgrade was postponed to a later date.

The team behind the project has finally concluded that Vasil will launch on September 22, 2022. The excitement among Cardano enthusiasts saw the network’s social engagement grow to 108.27 million in a single day, the highest in the past 90 days, crypto social intelligence platform Lunar Crush tweeted.

For Ripple, the blockchain project has continued to attract social engagement as the Silicon Valley tech company and the SEC publicly file their summary judgment motions. The filings of the summary judgment motions indicate that the lawsuit is close to an end. 

Furthermore, Shiba Inu made a list following the announcement that the project’s Play-to-Earn (P2E) game Shiba Eternity, has been launched in Australia for beta testing. Earlier today, the pseudonymous lead developer of Shiba Inu, Shytoshi Kusama, revealed that the game would soon be launched globally. 

The long-awaited Ethereum Merge was recently completed earlier last week, an event that resulted in the birth of another forked network, EthereumPoW. Since the Merge launched, the price of ETH has plunged massively below $1,300. Thus, prompting reactions from social media users.

 

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