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[Today's Global Interest Coins] Tether, ACT, USDC and Others

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Uk Jin
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  • Tether is receiving a lot of attention from investors as the demand for stablecoins surges.
  • ACT is drawing attention as it plummeted 62.38% due to large-scale sell transactions.
  • USDC attracted investors' interest with Circle's IPO application.
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  • 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 Token Mindshare (a metric quantifying the influence of specific tokens in the cryptocurrency market) top gainers on the AI-based Web3 search platform Kaito, the top 5 cryptocurrency-related keywords that people are most interested in as of the 2nd are Tether (USDT), ACT, USDC, DeXe (DEXE), and Binance Coin (BNB).

Tether, a stablecoin, took the first place. It is analyzed that the demand for stablecoins surged as the cryptocurrency market rebounded. As of 2:12 PM, Bitcoin (BTC) is trading at $84,419, up 1.61% from the previous day. Additionally, Ethereum (+1.63%) and Dogecoin (+0.79%) are also showing strength.

ACT took the second place. ACT attracted investors' attention as its value plummeted on this day. At the same time, ACT is trading at $0.07116, down 62.38% from the previous day according to CoinMarketCap.

It's not just ACT. The previous day, an incident occurred on Binance where six altcoins, including ACT, DF, TUT, and TST, plummeted simultaneously. Binance explained, "Three VIP users conducted spot sell transactions worth $514,000 in a short time, and another user deposited a large amount of ACT from an external platform, selling spot worth $540,000 in a short time."

The third place is taken by another stablecoin, USDC. The issuer of USDC, Circle, officially filed for an IPO, drawing market attention.

DeXe, in fourth place, also experienced a similar plummet incident as ACT, causing concern among investors. However, DeXe has partially recovered its price. At the same time, DeXe is trading at $14.59, down 18.89% from the previous day.

Binance Coin took the fifth place. It is analyzed that the frequent mentions of Binance, where the altcoin plummet incident occurred, contributed to its ranking.

Additionally, investors are also showing interest in Test (TST), DeFos (DF), Sudeng (HIPPO), Lumia (LUMIA), and Kava (KAVA).

KAVA
LUMIA
ACT
HIPPO
BNB
DEXE
TST
USDT
USDC
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