LunarCrush announced its most recent Altrank rankings, which identified the top 10 altcoins that produced substantial momentum in both price and social activity. Altrank is a proprietary index invented by LunarCrush that is based on the performance of an altcoin relative to Bitcoin and indicators of social activity across the crypto ecosystem.
Such a combination of market information and community indicators will provide investors and fans with a better understanding of what tokens are really active at a certain time.
CRO and BIO Lead the LunarCrush Pack
CRO, Cronos’ native token, is at the top of this week. The recent rise in the use of decentralized applications and its usefulness within the Crypto.com ecosystem, has helped CRO maintain its lead.
BIO, right behind, has been experiencing a resurgence over the past few weeks as enthusiasm around biotech and decentralized health-related blockchain applications has grown. The rise of BIO depicts how sector-specific tokens are increasingly taking the role of transforming real-world industries using blockchain.
NMR, TREE, and PUMP Secure Middle Positions
The other notable player here is NMR, which is a token that is improving innovation in the AI and data science industry. With the increasing rate of machine learning adoption, NMR has caught the attention of more developers and investors interested in exposure to the trend.
TREE, a sustainable blockchain initiative, also entered the LunarCrush list, taking advantage of the rising focus on sustainability in the crypto sphere. In the meantime, PUMP is still making a lot of hype with the community, which ensures that it places it in the middle of the list.
The fact that the token has managed to remain relevant despite market changes underlines the influence of social interaction on the valuation.
RAY and LPT Maintain Investor Confidence
Other rankings included RAY (Raydium) which is a decentralized exchange protocol in the Solana ecosystem. Raydium has enjoyed the revival of Solana and the increased network activity, which confirms its relevance as a liquidity hub.
Likewise, LPT (Livepeer) has been resilient, and it has been holding on to the top 10. LPT remains in the spotlight as its contribution to the provision of cost-effective, blockchain-based video streaming solutions is needed by the growing interest in decentralized video infrastructure.
JUP, RLC, and VVS Round Out the Top 10
JUP, RLC, and VVS dominated the last 3 slots of the top 10 LunarCrush rankings. JUP (Jupiter), a Solana project, has kept attracting attention thanks to an easy-to-use token swap aggregator. As one of the first in decentralized computing, RLC (iExec RLC) offers secure cloud solutions that are becoming more important when companies are seeking integration with blockchain.
Lastly, VVS Finance (VVS), another DeFi project in the Cronos chain, capped the list because of its unabiding popularity among yield-seeking investors.
Altrank Reflects the Fusion of Price and Social Signals
The rankings help show how LunarCrush Altrank combines both quantitative market performance with qualitative community participation to help present an all-encompassing view of altcoin momentum.
A mix of long-established projects, such as CRO and RAY, and niche ones, such as TREE and PUMP, the list demonstrates the variety of tokens that are finding their followers in crypto circles.
These rankings are still seen as a useful instrument by investors and traders to assess where it is possible to identify the projects that offer a short-term buzz or even longer-term development.
Source: https://blockchainreporter.net/from-cro-to-vvs-lunarcrush-reveals-the-top-10-altcoins-capturing-investor-attention/
