An analysis of recent data has shown that Worldcoin (WLD) and Litecoin (LTC) were among the most talked-about cryptocurrencies on the 6th of May.
Upon closer inspection, it became evident that the surge in interest for these digital assets was driven by distinct factors.
Worldcoin and Litecoin Take the Lead in Online Conversations
According to recent information shared by Santiment, Worldcoin and Litecoin emerged as two of the hottest tokens in the market. Initially, Worldcoin led the way, with Litecoin closely trailing behind.
However, by the end of the 6th of May, LTC had slipped to the third spot, while WLD managed to hold onto its position as the top trending token.
Santiment attributed the rising popularity of Worldcoin to controversial discussions surrounding potential unlawful financial activities, particularly in the realm of Artificial Intelligence (AI).
On the flip side, Litecoin captured attention due to the speculation surrounding a potential ETF debut. As of the latest update, WLD secured the fourth spot on the trending list, while LTC settled in at eighth place.
Tracking Worldcoin and Litecoin’s Social Dominance
An examination of the Social Dominance metrics for Worldcoin and Litecoin showcased similar patterns on the 6th of May but divergent trajectories in the latest data available.
LTC observed a notable surge in Social Dominance on the 6th of May, peaking at over 0.76% from its previous level of around 0.45%.
However, the latest figures indicate a decline, with LTC’s Social Dominance resting at approximately 0.63% at present.
In contrast, WLD’s Social Dominance has seen a steady rise, climbing to 0.36% from 0.28% on the 6th of May.
Social Dominance serves as a measure of the proportion of conversations within the crypto community centered around each respective token.
Diverging Price Trends for WLD and LTC
An assessment of Litecoin’s daily price movement suggested that it remained largely unaffected by its recent surge in popularity.
An analysis of the chart unveiled a consistent downward trend over the past four days.
Closing at approximately $80.8 on the 6th of May, LTC recorded a decrease of 0.65%. At the time of writing, it was trading around $80.3, marking a further decline of about 0.5%.
In contrast, Worldcoin showcased an upward trajectory in its pricing. An examination of its chart revealed a three-day streak of gains.
Trading at $6 on the 6th of May, it witnessed an increase of over 4%. Presently, it sustained a trading price of around $6, with an additional rise of nearly 1%.