[Today's Global Trending Coins] Bitcoin, Ethereum, Fartcoin, and More

According to the top gainers on the AI-based Web3 search platform Kaito's Token Mindshare (a metric quantifying the influence of specific tokens in the cryptocurrency market), the top five cryptocurrency keywords currently attracting the most attention on the 16th are Bitcoin (BTC), Ethereum (ETH), Fartcoin, Avalanche (AVAX), and Abstract Chain.

Bitcoin, the leader in the cryptocurrency market, ranks first. This surge in interest is due to Bitcoin hitting a new all-time high again today. Bitcoin surpassed $106,000 during the day. However, as of 1:11 PM, it slightly reduced its gains, recording a 2.72% increase from the previous day at $104,600.

Ethereum, the leading altcoin, ranks second. As the overall cryptocurrency market is on the rise, Ethereum also surpassed $4,000 today. Notably, Ethereum triggered a 'golden cross' today, where the 100-day moving average crosses the 200-day moving average, amplifying investor expectations. At the same time, Ethereum is recording a 1.76% increase from the previous day at $3,948, according to CoinMarketCap.

Fartcoin ranks third. It is estimated that investors are showing interest as Fartcoin surged approximately 30% during the day. Particularly, it is encouraging that Fartcoin recorded a solo upward trend while other meme coins were stagnant.

Avalanche ranks fourth. Avalanche is drawing investor attention as a mainnet update is announced today. The name of this testnet is 'Avalanche9000', a network upgrade aimed at advancing the decentralized finance (DeFi) ecosystem. Specifically, the foundation aims to reduce Layer 1 (L1) blockchain deployment costs by 99.9% through the Avalanche9000 testnet.

Finally, Abstract Chain ranks fifth. Amid the heating up of the non-fungible token (NFT) market, Fuzzy Penguin has garnered significant attention. Abstract Chain is a Layer 2 (L2) network created by the representative of Fuzzy Penguin. It is a project to create a 'Consumer Blockchain', a cryptocurrency network accessible to everyone, and has attracted approximately $11 million in investment so far.

Additionally, investors are showing interest in Phantom Wallet, Mocaverse, Ondo Finance, Aave, and Sugartown.