2021-1-31 14:48 |
On Thursday, January 28th, Dogecoin’s tweet volume skyrocketed by 1800%. At the same time, Dogecoin’s price surged by over 420% in 24 hours, and by over 600% on weekly basis. With all of this happening, DOGE became the first altcoin in history whose Twitter activity surpassed that of Bitcoin.
DOGE becomes a new champion of cryptoDogecoin (DOGE) is a rather curious digital currency, even by the standards of the extremely diverse crypto industry. Based on a meme from 2013, many assumed that DOGE would die out just as quickly as the meme. Especially after its creator decided to step away from the project before long, leaving it rudderless.
However, the coin quickly became rather popular in the crypto industry, and it somehow managed to remain among the 50 cryptos ever since, even though there are now thousands of coins that are approaching the crypto industry in a much more serious manner.
As mentioned, the coin saw a massive price surge yesterday, which was accompanied by just as massive Twitter activity. All of it seemingly took place thanks to the now-infamous Reddit group, r/wallstreetbets, which pumped the shares of GameStop (GME) in order to stand up to institutional investors.
DOGE price and tweet volume skyrocket to new ATHsAccording to recent data, DOGE’s Twitter volume surged by 1,787% this Thursday, as reported by The TIE. There were around 89,991 tweets regarding the coin in 24 hours, which is the first time this has happened for any cryptocurrency, including BTC.
Dogecoin tweet volume has surpassed Bitcoin over the last 24 hours.
This is the first time we have on record that an altcoin has been tweeted about more than Bitcoin over a 24 hour period.
This is also where the WSB came into play. While subreddit’s moderators did do their best to remove any attempts to pump the price of Dogecoin, it still happened due to Reddit users on other channels who discreetly promoted the cryptocurrency.
Some Twitter users riding the WSB trend — while also having a disclaimer that denies any such association — such as MSB Chairman, even hinted at investing in DOGE until it reaches the price of $1. The hint was not at all subtle, nor was the initiative successful. However, it did pump DOGE to a brand new ATH, which was significantly higher than the coin’s previous record.
Has Doge ever been to a dollar?
— MSB Chairman (@WSBChairman) January 28, 2021It also pushed DOGE to the list of top 10 largest crypto, albeit the coin only managed to reach the very last, 10th spot.
The post Dogecoin: The first altcoin whose tweet volume surpassed Bitcoin’s appeared first on Invezz.
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