Selloff or Market Correction? Either Way, Here's What to Do Next!See Overvalued Stocks

Altcoins JASMY, SUI, & XNO Light Up Social Media as Bitcoin Takes a Breather

Published 06/12/2024, 10:39
Updated 06/12/2024, 16:45
Altcoins JASMY, SUI, & XNO Light Up Social Media as Bitcoin Takes a Breather
ALI
-
BTC/USD
-
XNO/USD
-

Coin Edition -

  • Bitcoin dips to $98K after hitting $103K, sparking conversations on its market momentum.
  • Altcoins JASMY, SUI, and XNO trend on social media, gaining attention for their price activity.
  • Santiment highlights HAWK, JASMY, SUI, and XNO as top-discussed coins across platforms.
Bitcoin (BTC) has stumbled a bit, dipping below $100,000 after a Thursday surge to $103,900. Meanwhile, some altcoins are making noise on social media. Santiment, the blockchain data platform, has noted how more people are talking more about HAWK, JASMY, SUI, and XNO.Santiment posted on X that Bitcoin is still a hot topic as it also hit the $2 trillion market cap, making it the 10th most valuable currency – think of it like the 12th biggest country by value! But as of right now, it’s back down to around $98,000.Sentiment on Bitcoin got a bit gloomy, with investors doubting a correction is coming after that big jump to $103,000. But even with the price drop, people are still talking about BTC, especially the idea of it being a reserve asset for governments and companies.Meanwhile, Hawk Tuah (HAWK), a meme coin based on a viral video from 2024, linked to Haliey Welch, has been trending. Some think it might be a rugpull, especially since it crashed 90% after launch. Not surprisingly, people are feeling negative about HAWK. Right now, it’s trading at $0.0001531, with a tiny market cap of $147,36K.

Altcoins on the Move: JASMY, SUI, and XNO

JASMY claimed the stop of top-performing altcoins after surging 20.61% in the past 24 hours to $0.05107 and achieving a valuation of $2.5 billion. It’s still way down from its all-time high, but with the price going up, people are feeling good about JASMY again.While XNO is down 5% in the past 24 hours, the altcoin is trending because of its myriad use-cases like sending and receiving money, arranging videos, and even accessing services like ChatGPT4 and DALL·E 3, according to Santiment. Read also: JasmyCoin Rally Sparks ADA 2021 Comparisons, Gains 20.92% And finally, there’s SUI after it surged over 15% in the past 24 hours, probably because Solana’s Phantom wallet now supports SUI, as it tries to become a multi-chain wallet. The post Altcoins JASMY, SUI, & XNO Light Up Social Media as Bitcoin Takes a Breather appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.