DOGE tweet volume up 1800%, becomes first altcoin to surpass Bitcoin ever: The Tie
DOGE tweet book up 1800%, becomes first altcoin to surpass Bitcoin ever: The Tie
The meme-based cryptocurrency has exploded on Twitter over the past 24 hours, mirroring the rapid appreciation in DOGE price.
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Dogecoin (DOGE), a meme money created as a joke, has seen a groundswell of Twitter activity in the past 24 hours after attention was thrown on the money past the now-infamous Reddit group responsible for pumping the share price of GameStop.
Dogecoin's Twitter volume — the number of daily tweets versus the 30-day average — skyrocketed 1,787% on Thursday, co-ordinate to crypto information provider The Necktie. In total, in that location were 89,991 tweets virtually DOGE over a 24-hour flow.
In fact, The Necktie's data suggests it'due south the outset time any altcoin has surpassed Bitcoin in terms of book.
— The Tie (@TheTIEIO) Jan 28, 2021Dogecoin tweet volume has surpassed Bitcoin over the terminal 24 hours.
This is the first time nosotros have on record that an altcoin has been tweeted about more than Bitcoin over a 24 hour flow.
The Tie highlighted Dogecoin'south toll appreciation, Twitter volume and trading book in the following epitome:

In addition to seeing a spike in Twitter activity, Dogecoin experienced a similar surge in trading volume. The digital currency's price appreciated 223% over the 24-hour menstruum.
The DOGE toll appears to have spiked due to worldwide attention on r/WallStreetBets, the Reddit grouping that successfully caught Wall Street sellers in a short squeeze by gobbling up shares of GameStop and AMC. Although the subreddit's moderators take attempted to remove whatever attempts to pump the DOGE price, Reddit users on other channels have left subtle hints to invest in the cryptocurrency.
A Twitter account called "WSB Chairman" (albeit with the disclaimer "NOT ASSOCIATED WITH r/WSB") also left a not-so-subtle hint just after midnight on Thursday:
Has Doge always been to a dollar?
— WSB Chairman (@WSBChairman) January 28, 2021
At the time of writing, DOGE was valued at $0.024 for a total marketplace capitalization of just under $3.one billion. It has surpassed cryptocurrencies Tezos, Monero and EOS post-obit its latest spike.
Source: https://cointelegraph.com/news/doge-tweet-volume-up-1800-becomes-first-altcoin-to-surpass-bitcoin-ever-the-tie
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