Pollux Coin ($POX) has emerged as the top trending token in the cryptocurrency market this Monday, capturing attention across social platforms like X, Reddit, Telegram, and Discord. Data from Santiment reveals a notable spike in discussions around Pollux Coin, accompanied by Bitcoin ($BTC), Maple Finance ($MPL), Solana ($SOL), and Ampleforth ($AMPL). This surge in activity reflects growing interest in these tokens, indicating potential momentum for investors.
🗣️ The top trending tokens in crypto Monday, based on rising discussion rates across X, Reddit, Telegram, Discord, and more, tracked by @santimentfeed:
— Santiment (@santimentfeed) September 9, 2024
1) @polluxcoin1 $POX 🥇
2) @bitcoin $BTC 🥈
3) @maplefinance $MPL 🥉
4) @solana $SOL
5) @ampleforthorg $AMPL
6) @tether_to… pic.twitter.com/SSY2JXJBDa
As per Coinmarketcap data at press time, Pollux Coin priced at $0.298532, saw a slight dip of 1.41% over the past 24 hours. Despite the decrease, the heightened social media discussions suggest investors are paying close attention. Meanwhile, Bitcoin, recorded a 3.82% increase over the same period. The cryptocurrency is priced at $56,921.11 with $33.36 billion in trading volume, demonstrating strong market participation.
Bitcoin Falls Below $56K as Crypto Market Faces Extreme FearMoreover, Maple Finance, with a price of $16.00, which recorded a slight decrease of 0.15%. Nevertheless, it remains a massive player in decentralized finance, or DeFi, particularly in institutional lending.
On the other hand, Solana, an influential smart contract and decentralized applications (dApp) platform experienced an increase of 4.47% to $133.84. This price uptick highlights Solana’s continuing appeal to developers and investors looking for faster, more scalable blockchain solutions. Ampleforth, known for its unique rebasing mechanism that adjusts supply based on demand, dropped by 4.64%. It trades at $1.16, with a relatively moderate trading volume of $1.31 million.
Nonetheless, even one of the most used stablecoins, Tether ($USDT) still holds steady to $1.00. It has a trading volume floor of over $52 billion within 24 hours of its operation. Since it is relatively stable and liquid, it is the most appropriate tool for traders who use it to trade in and out of risky securities.
Other tokens in focus are Fractal ID ($FCL) that has risen by 2.53%, trading at $0.003553. Dogecoin ($DOGE) also skyrocketed as it increased by 7.23% in the last 24 hours, thus increasing its value to $0.103467. Based on the current moves seen in Dogecoin, it appears that the retail investor base is still active due to social media trends.
Additionally, Rocket Pool ($RPL), a decentralized Ethereum staking protocol, experienced a surge of 23.85%, trading at $11.61. Quant ($QNT), focused on blockchain interoperability, is up 1.94%, with its price sitting at $72.94.
