Editor's PiCK
[Today's Global Hot Coins] Ethereum, Solana, XRP & More
Summary
- According to Kaito’s Top Gainer indicator, Ethereum, Solana, XRP, Tether, and Plasma are receiving significant attention in the crypto market.
- Ethereum has set a new all-time high, Solana recovered the $200 mark, and XRP has garnered investor interest due to asset manager spot ETF S-1 filings.
- Plasma drew investor attention by expanding the USDT lock-up product subscription limit; participants can receive USDT rewards along with XPL token rewards.
According to Token Mindshare—the Top Gainer indicator that quantifies the influence of specific tokens in the virtual asset (cryptocurrency) market—on the AI-powered Web3 search platform Kaito, as of the 23rd, the top five crypto-related keywords generating the most attention are Ethereum (ETH), Solana (SOL), XRP (XRP), Tether (USDT), and Plasma (XPL).
Ethereum made headlines today by surpassing $4,880 at one point, hitting a new all-time high. This is analyzed to be the effect of U.S. Federal Reserve (Fed) Chair Jerome Powell’s remarks at the Jackson Hole meeting the previous day, which suggested the possibility of a rate cut. Currently, Ethereum is trading at $4,727.39 on CoinMarketCap, up 10.06% from the previous day.
Solana similarly regained the $200 level with gains yesterday, drawing attention. At present, Solana is trading at $202.57 on CoinMarketCap, up 10.66% over the previous day.
XRP drew attention recently after it became known that seven asset management firms, including Grayscale, submitted amended spot ETF S-1 applications for XRP. It has been identified that Grayscale, Bitwise, Canary Capital, CoinShares, Franklin Templeton, 21Shares, and WisdomTree have filed revised spot ETF S-1 submissions for XRP with the SEC. Bloomberg analyst James Seyffart commented, “This seems to be influenced by feedback from the SEC,” and diagnosed, “This is definitely a positive signal.” Meanwhile, XRP is trading at $3.01 on CoinMarketCap, up 5.46% from the previous day.
Tether gained attention after it was speculated that AMTD Group—a company listed on the New York Stock Exchange (NYSE)—plans to prioritize including Tether, as well as Bitcoin (BTC) and Ethereum, in its portfolio.
Layer 1 Plasma attracted investors by expanding the total subscription limit of its recently launched USDT lock-up product to 1 billion USDT, following an explosive response from the community. Investors participating in this product can receive daily USDT rewards and additional XPL token rewards after the Token Generation Event (TGE).
In addition, investors are showing interest in Eterna (ENA), Bitcoin (BTC), Dogecoin (DOGE), USDE, Binance Coin (BNB), and others.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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