Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Top three altcoins trending in crypto social media: Ethereum, Dogecoin, Ondo

Source Fxstreet

Ethereum is trending among market participants with the upcoming Dencun network upgrade.
X’s official payment handle fueled anticipation of Dogecoin’s acceptance as a payment method.
ONDO finance is seeing whale accumulation alongside the asset’s price rally.

Ethereum, the second largest cryptocurrency by market capitalization, is trending among crypto traders as developers finalize the timeline for the Dencun upgrade. ETH is trending alongside Dogecoin (DOGE) and Ondo Finance (ONDO), according to Santiment data.

The dog-themed meme coin’s holders believe Dogecoin is likely to be accepted as a payment method, as social media platform X reveals its official payments account @xpayments on X (formerly Twitter).

Also read: Bitcoin price sustains above $41,000 as whales moves signal further downside

ETH, DOGE and ONDO trend among market participants

In the recent Ethereum All Core Developers Execution (ACDE) call, the timeline for the Dencun upgrade was determined and the upgrade was finalized despite the issues that arose in the testing on the Goerli testnet. The Dencun upgrade is key to the Ethereum network since it is likely to reduce the transaction cost for Layer 2 chains.

The Ethereum ecosystem’s most anticipated upgrade, EIP-4844 is set to debut in the Dencun upgrade, boosting Ethereum’s scalability and reducing transaction costs. This makes the Dencun upgrade and its arrival on mainnet key to ETH holders.

At the time of writing, Ethereum price is $2,407 on Binance. The altcoin is likely to march towards its 61.8% Fibonacci Retracement level of ETH price decline between April and June 2022, at $2,551.

ETH/USDT

ETH/USDT 1-day chart

One of the key reasons why Dogecoin is trending among market participants is DOGE holders anticipate that the meme coin will find use as a payment method among X users. This anticipation was fueled by X’s official handle for payment, @xpayments arrival.

ONDO price rallied 751% in the past week. Despite the massive spike in the asset’s price, instead of profit-taking, large wallet investors are scooping up ONDO, according to data from on-chain intelligence providers.

Lookonchain revealed that a whale spent 540 Ether worth $1.33 million, and 319,505 MUBI tokens worth $50,000 to acquire 5.02 million ONDO worth $1.38 million. This is one of the many transactions by large wallet investors in the past 24 hours.

Trending altcoins are likely to observe a shift in the price trend as market participants make moves in these assets.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Oil’s Return to $110 Boosts Fed Hike Expectations, Pressuring Gold for Fourth Day Toward $4,100 On October 21, gold prices continued their adjustment, with gold (XAUUSD) dropping intraday to as low as $4,106, nearing the $4,100 mark and marking its fourth consecutive trading day of

Author TradingKey

11 hours ago

On October 21, gold prices continued their adjustment, with gold (XAUUSD) dropping intraday to as low as $4,106, nearing the $4,100 mark and marking its fourth consecutive trading day of

Housing starts fell to the second-lowest since the pandemic shutdown — with the 10-year at 5.12%, who is left to buy?US housing starts dropped 5.2% to 1.221 million in September, the second-lowest pace since the 2020 pandemic shutdown, and building permits hit a three-and-a-half-year low of 1.400 million. Both figures are worse than they look because July and August were revised up. With the 10-year Treasury at 5.117% — only 19bp below its October 5 peak of 5.311% — and the NAHB builder confidence index at 2012 levels, here are the three numbers, the transmission chain from rates to permits, and the two scenarios into the October 28 FOMC.

Author Irene Q.

14 hours ago

US housing starts dropped 5.2% to 1.221 million in September, the second-lowest pace since the 2020 pandemic shutdown, and building permits hit a three-and-a-half-year low of 1.400 million. Both figures are worse than they look because July and August were revised up. With the 10-year Treasury at 5.117% — only 19bp below its October 5 peak of 5.311% — and the NAHB builder confidence index at 2012 levels, here are the three numbers, the transmission chain from rates to permits, and the two scenarios into the October 28 FOMC.

The Dow gained 500 points and the two AI names that matter fell after hours — Netflix's guide is the tell The Dow closed 529.85 points higher at 52,495.88 (+1.02%) and the VIX fell 6.13% to 17.31, but the two stocks that carry the AI trade moved the other way after Tuesday's close: Netflix slipped to $64.74 (-5.8%) after guiding Q4 EPS of $0.67, below the street, while SpaceX jumped about 8% to near $160 on its first profit as a public company and revenue up 161%. Netflix is now below its 52-week low of $65.08. Here are the numbers, the $65 / $70 levels and the two catalysts that matter this week.

Author Irene Q.

14 hours ago

The Dow closed 529.85 points higher at 52,495.88 (+1.02%) and the VIX fell 6.13% to 17.31, but the two stocks that carry the AI trade moved the other way after Tuesday's close: Netflix slipped to $64.74 (-5.8%) after guiding Q4 EPS of $0.67, below the street, while SpaceX jumped about 8% to near $160 on its first profit as a public company and revenue up 161%. Netflix is now below its 52-week low of $65.08. Here are the numbers, the $65 / $70 levels and the two catalysts that matter this week.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 21, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 21, 2026. Read on for the details.

Author Mitrade

18 hours ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 21, 2026. Read on for the details.

Australian Dollar trades near monthly high, above 0.7000 as hawkish RBA offsets USD uptick The AUD/USD pair trades with a positive bias for the fourth straight day, holding steady above the 0.7000 psychological mark during the Asian session on Wednesday and flirting with the monthly high it touched the previous day.

Author FXStreet

18 hours ago

The AUD/USD pair trades with a positive bias for the fourth straight day, holding steady above the 0.7000 psychological mark during the Asian session on Wednesday and flirting with the monthly high it touched the previous day.

Related Instrument