Twitter is one of the most popular social networking platforms, with over 300 million monthly active users. It’s no surprise that Twitter has become a key communications channel for the crypto community. With just one tweet from any crypto savvy, the markets can be affected in various ways and even react to different events around them.
For example, let’s take a look at this list of top ten cryptos based on their followers.
Binance (BNB) – 8.83M
As the world’s largest cryptocurrency exchange, it’s no surprise that Binance native coin has one of the biggest Twitter followings in the crypto space.
Binance Coin (BNB) is the native coin of the Binance cryptocurrency exchange. Binance is one of the most popular exchanges in the world and is known for its low fees, a wide range of altcoins, and fast transaction speeds. Binance (BNB) migrated to its native BNB smart chain (BSC) in 2020. It is the fifth-largest cryptocurrency by market cap. The company invested $500 million on Twitter to initiate the inclusion of crypto trading pairs into their exchange and blockchain platform!
Bitcoin (BTC) – 5.25M
The original cryptocurrency, Bitcoin, takes second place with a Twitter following of over 5 million. Bitcoin is the world’s first and most well-known cryptocurrency. It was created in 2009 by Satoshi Nakamoto. Bitcoin is decentralized and not controlled by any government or financial institution. It has a market of over $555 Billion.
Dogecoin (DOGE) – 3.36M
Dogecoin (DOGE) – a cryptocurrency that was created as a joke in 2013 but has since grown to become one of the most popular cryptos partially thanks to Elon Musk. Dogecoin is based on the Shiba Inu dog meme and was created initially as a “joke currency.” The critics called it an overrated asset with very minimal use cases. However, Tesla’s innovative idea to allow customers to pay for their products with DOGE was a revolutionary one. It has since grown to become a popular cryptocurrency with a market cap of over $11 billion.
Shiba Inu (SHIB) – 3.3M
Shiba Inu (SHIB) is a cryptocurrency that was created as a fork of Dogecoin in August 2020. It was created as a way to get around the Dogecoin community’s centralization issue. It is fully decentralized and community-driven. The network is hard at work on launching its new Defi project, Shibarium Financial Ecosystem (SHIBFE). The next major milestone for SHI will be the release of their native stablecoin!
The Shiba Inu token reached a market cap of over $6 billion in May 2021, making it one of the most popular cryptos on the market.
Ripple (XRP) – 2.51M
Ripple (XRP) is a real-time gross settlement system (RTGS), currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. XRP is the native cryptocurrency of the Ripple network. Ripple is centralized crypto, which some people see as an advantage because it allows for faster transaction times and lowers fees.
The firm is facing a lawsuit from the SEC, which accused them of illegal securities offerings. They have been fighting this battle since 2020 and it looks like they might finally be winning! The coin’s current market cap is $20 Billion, which ranks it among the top 50 cryptocurrencies in terms of valuation.”
Ethereum (ETH) – 2.51M
Ethereum (ETH) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference.
Ethereum is the second-largest cryptocurrency by market cap (over $17 Billion)after Bitcoin. It is also the most active blockchain in the world. The Ethereum Foundation, a Swiss non-profit, is the steward of Ethereum. They are responsible for managing the development of the Ethereum protocol and funding core developers working on Ethereum.
Cronos (CRO) – 2.13M
Cronos (CRO) is the native token of Cronos, the proof-of-Authority (PoA) blockchain of the Crypto.com exchange. The token is used to power the Crypto.com ecosystem, which includes the Crypto.com Chain, Crypto.com Pay, and the MCO Visa Card. The three main ways that CRO is used in the ecosystem are staking, rewarding and transaction fee collection.
The current market cap for Cronos is $20.7 Billion.
Solana (SOL) – 1.75M
Solana (SOL) is a high-performance decentralized ledger. SOL is the native cryptocurrency of the Solana blockchain, which is used to pay transaction fees and secure the network. The current market cap for Solana is $17.21 Billion.
Baby Doge(BabyDoge) – 1.394M
Baby Doge(BabyDoge) is the second fork of Dogecoin (DOGE), created in 2021. The only way to get a benefit from BabyDoge is by holding onto the tokens in your wallet and gaining tiny rewards as you add new tokens. At the time of writing, it trades at $0.000000001038.
Safe Moon (SAFEMOON) – 1.391M
Safe Moon (SAFEMOON) is a cryptocurrency that was created in 2021. It has a unique business model where 5% of every transaction is taken and redistributed to all holders. This way, everyone that holds the token can benefit from the ecosystem. The current market cap for Safe Moon is over $58 Million.
Each of these cryptos has its own unique community and following on Twitter.
