- WLD and LTC were trending due to recent reports on them.
- LTC has continued to decline, while WLD has gone in the opposite direction.
Recent data pointed to Worldcoin [WLD] and Litecoin [LTC] were among the top trending tokens on May 6.
However, further investigation revealed that these assets were popular for several reasons.
Worldcoin and Litecoin are leading the trending tokens
Recent data from Santiment highlighted Worldcoin and Litecoin as two of the most popular tokens. Initially, Worldcoin led the trend, closely followed by Litecoin.
However, by the end of May 6, LTC had fallen to third place, while WLD maintained its position as the top trending token.
Santiment attributed Worldcoin’s trend to controversial comments about possible illegal financial activities, especially those related to artificial intelligence (AI).
Litecoin, on the other hand, attracted attention due to the anticipation surrounding the possibility of a future ETF. From the latest updateWLD ranked fourth on the trending list, while LTC ranked eighth.
Social dominance of Worldcoin and Litcoin
Analysis of the social dominance of Worldcoin and Litecoin revealed similar trends on May 6, but divergent patterns at the time of the last data.
On May 6, LTC’s social dominance saw a significant increase, rising to over 0.76% from the previous level of approximately 0.45%.
However, at the time of writing, social dominance had fallen to around 0.63%.
Source: Santiment
In contrast, WLD’s social dominance has continued to rise, reaching 0.36%, up from 0.28% on May 6.
Social dominance illustrates the share of discussions within the crypto community attributed to each token.
WLD and LTC see different price developments
Analysis of Litecoin’s daily price trend indicated that it was unaffected by the recent token trend rankings.
Examination of the chart revealed a consistent downward trend over the past four days.
LTC closed at around $80.8 on May 6 and was down 0.65%. At the time of writing, the stock was trading around $80.3, with a further decline of around 0.5%.
Source: TradingView
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Worldcoin, on the other hand, showed an upward trend. Analysis of the chart revealed a three-day consecutive uptrend. Trading on May 6 at $6 saw an increase of more than 4%.
At the time of writing, it maintained a trading price of around $6, with an additional increase of almost 1%.
Source: TradingView