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Bitcoin, TRON (TRX), and Dogecoin (DOGE) Make the Biggest Waves in the Crypto Social Media Space

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Release: 2024-08-29 06:02:18
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According to crypto analytics platform Santiment, the top 3 crypto social narratives that have created the most impression in the last seven days include bitcoin's price, TRON, and Dogecoin.

Bitcoin, TRON (TRX), and Dogecoin (DOGE) Make the Biggest Waves in the Crypto Social Media Space

Bitcoin’s price, TRON, and Dogecoin sparked the most buzz in the crypto community over the past seven days, according to social narratives analysis.

Here's a quick summary of the key takeaways:

* Bitcoin (BTC) experienced a rollercoaster ride, initially surging past $62,000 on news of potential interest rate cuts in the US.

* Further gains were fueled by Robert F. Kennedy's withdrawal from the presidential race and endorsement of Donald Trump, who has expressed support for cryptocurrencies.

* However, BTC lost momentum and dropped to $58,000 before recovering to around $60,000.

* TRON (TRX) also made headlines as its price hit a 40-month high of almost $0.17 on August 26.

* The surge was partly driven by the launch of thousands of meme coins on SunPump, an initiative associated with Justin Sun.

* Dogecoin (DOGE) price slipped by 3% in the past seven days, despite remaining a hot topic.

* This could be attributed to DOGE's large community, high-profile endorsements (such as Elon Musk), and strong performance in 2023.

* AI cryptocurrencies and GameFi narratives also gained traction.

* FET price surged by almost 50% in a week, reaching a local high of $1.47 on August 27.

* GameFi tokens like Immutable (IMX) and Floki Inu (FLOKI) saw their prices rise by 23% and 25%, respectively.

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