Internet Computer, Safemoon, Shiba Inu — Altcoins Seeing High Social Media Interest Today

The following three altcoins had been seeing a excessive quantity of social media curiosity within the early hours of Monday.

ProtectedMoon (CRYPTO: SAFEMOON): The Dave Portnoy-endorsed cryptocurrency has a mannequin which rewards long-time holders and prices buyers a ten% charge to promote their tokens. SAFEMOON has gained the eye of the social media crowd of late. Recently, its CEO John Karony revealed that the undertaking’s chief blockchain officer was concerned within the partnership between Elon Musk-led SpaceX and Dogecoin (CRYPTO: DOGE).

See Also: How To Buy ProtectedMoon (SAFEMOON)

SAFEMOON was on the fifth spot in CoinMarketCap’s listing of trending cryptocurrencies at press time. The cryptocurrency traded 5.61% increased at $0.000003188 at press time. Against Bitcoin (CRYPTO: BTC), SAFEMOON rose 1.92%.

SHIBA INU (CRYPTO: SHIB): SHIB is styled as a so-called “Dogecoin killer.” A notable distinction between the rallies which have fueled each DOGE and SHIB is the group supporting the respective meme cash. SHIB is fueled by Chinese social media influencers on platforms reminiscent of Weibo and WeChat, whereas DOGE finds backers on Twitter Inc’s (NASDAQ:TWTR) social media platform and Reddit.

SHIB’s most up-to-date increase got here on Friday after Musk disclosed that his Shiba Inu canine will likely be named Floki. A brand new cryptocurrency referred to as Floki additionally skyrocketed after the announcement. 

At press time over 24 hours, SHIB traded 6.26% increased at $0.000007801. The meme coin is up 1.83% over a seven-day trailing interval. FLOKI traded 46.4% increased at press time towards Wrapped Ether (CRYPTO: WETH). 

Internet Computer (CRYPTO: ICP): ICP is a token of a cloud computing undertaking constructed initially by DFINITY. The token solely listed on CoinMarketCap final month however emerged as a high coin when it comes to market capitalization. The undertaking goals to increase the performance of the web in order to permit it to host backend software program, as per DFINITY. This pitches the undertaking towards cloud bigwigs reminiscent of, Inc (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT).

See Also: Crypto Market Firm Despite Binance Woes; Internet Computer Spikes 37%, Dogecoin, Meme Coins In Focus With Elon Musk Tweet

ICP was the highest gainer at press time on Monday on CoinMarketCap’s listing. The coin traded 45.37% increased at $43.94 at press time. It additionally figured on Stocktwits listing of ten high trending streams on the seventh place.

Read Next: Are These Three Factors Keeping Dogecoin Distant From The Moon?

For the most recent in monetary information, unique tales, memes comply with Benzinga on Twitter, Facebook & Instagram. For the most effective interviews, inventory market speak & movies, subscribe to our YouTube channel.

© 2021 Benzinga doesn’t present funding recommendation. All rights

Recommended For You

About the Author: Daniel