These are the most trending cryptocurrencies by frequency of mention on social networks (Santiment)

Market information platform Santiment has outlined a few crypto assets that are currently trending due to several mentions on social media. According to the company’s analysts, these include Bitcoin (BTC), Chiliz (CHZ), and Nubcat (NUB).

The topics that cause BTC, CHZ and NUB to trend on social media revolve around trading activities, price fluctuations, upcoming airdrops and controversies. Notably, market participants express both bullish and bearish sentiments towards them.

Controversies surrounding Bitcoin

Santiment said that BTC is the most trending cryptocurrency based on frequency of mention on social media. Cryptocurrency has been the subject of multiple predictions regarding future price movements, especially with the notable macroeconomic factors currently in play.

The upcoming US presidential elections and the potential sale of a large BTC stash by the US government in the coming weeks have sparked both positive and negative commentary on Bitcoin’s price action and volatility. Analysts discuss support levels and warn that BTC could fall to critical regions, leading to further declines.

There are also optimistic articles about the potential for significant price appreciation of Bitcoin and its role in the broader financial ecosystem compared to traditional stocks and fiat currencies.

Additionally, HBO’s recent documentary on Bitcoin, “Money Electric: The Bitcoin Mystery,” which claims to have discovered the identity of the network’s pseudonymous creator, Satoshi Nakamoto, has sparked debate and controversy and fueled discussions on the networks social media about BTC.

The documentary mentions former Bitcoin developer Peter Todd as the creator of the network; However, the first Bitcoin contributor denied these claims, stating that he was not Nakamoto.

BTC was worth $60,600 at press time, after falling 2% in the last 24 hours.

Airdrops and positive sentiment

Chiliz is trending due to higher network activity due to its upcoming Pepper (PEPPER) airdrop. CHZ is the native token of blockchain-based sports entertainment platform Socios, while PEPPER will be the Chiliz network’s first meme coin launched to reward CHZ holders.

The Chiliz network has seen significant trading volumes and price increases over the past few days, while being mentioned in several social media posts on Reddit and X. CHZ was worth $0.069 at the time of writing, with an increase by 18% over the last seven days and a drop of 3.5% in 24 hours.

Meanwhile, NUB, a cat-themed coin on the Solana network, has been primarily associated with positive predictions and community engagement. The token is up over 100% in the past seven days and was worth $0.031 at the time of writing.