- Bitcoin's price fell due to investor concerns over the U.S. Department of Justice's authorization to sell seized Bitcoins.
- Ethereum's Spectra upgrade is underway, and if successful, significant price increases are expected, according to Sean Dawson, head of research at DLive.
- Ripple showed an upward trend contrary to the market due to strengthened investor sentiment over ETF launch possibilities.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
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 crypto market), the top five cryptocurrencies currently garnering the most attention are Bitcoin (BTC), Ethereum (ETH), Ripple, Berachain (BERA), and Hyperliquid (HYPE).
Bitcoin, the leading cryptocurrency, ranks first. Bitcoin's price plummeted due to negative news, causing investor concerns. The U.S. Department of Justice has authorized the sale of 69,000 Bitcoins seized from the dark web Silk Road. Investors worry that this could flood the market with a massive sell-off. The market sentiment appears frozen. As of 12:35 PM, Bitcoin is trading at $94,276, down 2.38% from the previous day according to CoinMarketCap.
Ethereum, the leading altcoin, ranks second. Investors seem highly interested in Ethereum ahead of the upcoming Spectra upgrade scheduled for the first quarter of this year. The Spectra upgrade aims to improve Ethereum's efficiency and scalability as a core upgrade. Sean Dawson, head of research at DLive, stated in an interview, "If Ethereum successfully completes the Spectra upgrade, it could reach $12,000 by the end of the year," adding that "the pro-crypto policies of the Trump administration's second term will further support growth."
Ripple ranks third. Despite the overall bearish trend in the crypto market, Ripple alone recorded an upward trend. At the same time, Ripple is trading at $2.35, up 1.11% from the previous day. The recent increase in the likelihood of a spot ETF launch seems to have strengthened investor sentiment. Monica Long, president of Ripple, mentioned in an interview, "I believe Ripple will be the third cryptocurrency to have an ETF launched, following Bitcoin and Ethereum."
Berachain ranks fourth. With its token launch imminent, Berachain announced in a post that it has received $1 billion in pre-deposited capital, attracting significant investor interest.
Hyperliquid ranks fifth. Hyperliquid faced investor concerns due to the 'validator sale controversy.' Recently, the Hyperliquid community raised concerns about centralization, alleging that the Hyperliquid Foundation was selling validator positions for money. In response, Hyperliquid posted a rebuttal, stating, "All validators were selected based on testnet performance," and announced a support program to back high-performing validators and enhance decentralization.
Additionally, investors are showing interest in Movement Labs (MOVE), Sui (SUI), Fomo (FOMO), Binance Coin (BNB), and Zerebro.