Bitcoin, XRP, Toshi and Venice AI Dominate Crypto Social Trends

• Venice AI Token sees huge trading activity despite its price drop after reaching a $1 billion valuation shortly after launch.  
• Bitcoin’s store of value debate continues, with institutional moves and a drop in trading volume sparking discussions.

According to market intelligence platform Santiment, Venice AI Token (VVV), Bitcoin (BTC), XRP (XRP), Toshi (TOSHI), and Toncoin (TON) are all gaining attention this week due to major developments and market movements.

Venice AI Token (VVV) has emerged as one of the top tokens of the week after reaching a $1 billion valuation shortly after its launch on January 27. Available on major exchanges like Coinbase, KuCoin, and MEXC, Venice AI has gained momentum, contributing to higher visibility and trading activity.

Despite a 21% drop in its price over the past 24 hours, to $9.80, the token’s trading volume has surged by over 100%. The price fluctuation shows high market volatility, yet the increasing activity signals that Venice AI Token is attracting large interest from traders and investors.

Bitcoin’s Store of Value Debate

Bitcoin (BTC), currently priced at $105,000, continues to be a key topic of debate in the crypto market. Discussions mainly center around its role as a store of value and its long-term viability in the digital finance landscape.

Bitcoin’s reputation as a reliable asset for retaining value is solidified by institutional moves such as Metaplanet’s $745 million raise for Bitcoin acquisitions and a bill recently passed by the Arizona Senate to create a Bitcoin strategic reserve. Moreover, market engagement appears to be waning, with Bitcoin’s trading volume dropping by more than 38%.

XRP’s Continued Growth Amid Legal Challenges

XRP remains another main token in crypto market discussions, particularly regarding its use on the XRP Ledger. Ripple’s collaboration with Ondo Finance to introduce OUSG, a tokenized version of US Treasuries, has developed the network.

This move allows for the 24/7 minting and redemption of these assets using Ripple’s RLUSD stablecoin. While the legal battle between Ripple and the SEC continues, the future for XRP within the crypto community remains positive, with many investors confident in its long-term potential.

Toshi and Swiftcoin See Mixed Sentiments

Toshi (TOSHI), a meme coin linked to the Base blockchain and Coinbase, has received attention due to its 600% price increase in the past 30 days. Despite this, TOSHI’s price has dropped by over 17% in the last 24 hours, pointing to potential volatility in its market performance.

Additionally, Swiftcoin (SWFTC) has also received mixed reactions in the market. Operating on the SWFT blockchain, the coin has seen an increase in trading volume, particularly on Coinbase. However, its price has declined by over 7%, currently trading at $0.0219 in the past 24 hours, with its trading volume dropping by more than 58%.

Toncoin’s Growth Driven by Telegram Integration

Toncoin (TON) is also seeing a surge in interest, driven by the ongoing developments within the TON blockchain. On January 21, the TON blockchain announced that all mini-apps on Telegram would now operate on TON’s infrastructure, which could boost the adoption of both the blockchain and its native token.

The growing community engagement, along with a focus on new projects and airdrops, contributes to Toncoin’s bullish outlook in the broader crypto market.