The post Why These Are the Most Searched Altcoins appeared on BitcoinEthereumNews.com.

Today’s trending coins have shifted compared to the list BeInCrypto analyzed yesterday, October 28. According to data from CoinGecko, a new altcoin has entered the ranks of the most searched cryptocurrencies in the last 24 hours, replacing some of the previous contenders from last week. This shift in interest highlights the volatile nature of the cryptocurrency market, where new developments and trends can quickly capture investors’ attention. That said, the altcoins trending today are Grass (GRASS), Sui (SUI), and Goatseus Maximus (GOAT). Grass (GRASS) Grass is a decentralized layer-2 platform built on the Solana blockchain. It enables users to gather data using the Internet and Artificial Intelligence (AI). The project is one of the trending coins today due to the launch of the GRASS token and airdrop distribution.  However, GRASS’ recent airdrop distribution isn’t the sole reason it has become one of the trending altcoins. Research indicates that interest in the token surged due to the difficulties participants faced while attempting to claim their airdrops. Specifically, Phantom, one of the wallets required to claim the token, encountered significant technical issues for several hours yesterday. This led to frustration among eligible participants, who expressed their displeasure over the operational mishaps that hindered their ability to access the tokens. Grass Price Chart. Source: TradingView Following the development, GRASS, whose launch price was close to $1, has dropped to $0.88, listing 4.20% of its value in the last 24 hours. Since it is still early days, the altcoin might still be in price discovery mode. Therefore, it might not be the right time to predict where it could head next. Sui (SUI) Sui was on the list of trending altcoins yesterday. Today, it is also part of the trending coins due to its notable price increase in the last 24 hours. In addition,…

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Filed under: News - @ October 29, 2024 2:24 pm