Crypto News

DOGE tweet volume 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.

Dogecoin (DOGE), a meme coin created as a joke, has seen a groundswell of Twitter activity in the past 24 hours after attention was thrown on the coin by 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, according to crypto data provider The TIE. In total, there were 89,991 tweets about DOGE over a 24-hour period.

In fact, The TIE’s data suggests it’s the first time any altcoin has surpassed Bitcoin in terms of volume.

The TIE highlighted Dogecoin’s price appreciation, Twitter volume and trading volume in the following image:

DOGE tops the table, according to The TIE

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 period.

The DOGE price appears to have spiked due to worldwide attention on r/WallStreetBets, the Reddit group that successfully caught Wall Street sellers in a short squeeze by gobbling up shares of GameStop and AMC. Although the subreddit’s moderators have attempted to remove any 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:

At the time of writing, DOGE was valued at $0.024 for a total market capitalization of just under $3.1 billion. It has surpassed cryptocurrencies Tezos, Monero and EOS following its latest spike.

How useful was this post?

Click on a star to rate it!

As you found this post useful...

Follow us on social media!

Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of CoinChapter and CoinChapter does not assume any responsibility or liability for the same.

(This story has not been edited by CoinChapter staff and is auto-generated from a syndicated feed.)
0 Comments
Inline Feedbacks
View all comments
CoinChapter

Founded in 2015, Coinchapter.com has become one of the leading resources for the crypto asset community. Created by a small group of cryptocurrency enthusiasts, Coinchapter.com was built to provide new members of the crypto asset community with unbiased listings of cryptocurrency exchanges and retail options that would allow them to buy the crypto assets that they wanted, how they wanted and at the price they wanted.

Related Crypto News

PlayStation 5 Ethereum Mining Rumor Proven To Be False
A photo of what looks to be a PlayStation 5 hacked to mine Ethereum, with a hashrate of 98.76...
BlockFi Announces Record Payments For Clients In February
Crypto lending firm BlockFi posted another record-breaking month in February. The firm paid out over $35 million in interest...
Tezos Integrated Into Wolfram Blockchain Platform
Wolfram Blockchain Labs announced that its DLT will utilize the blockchain resources of TQ Tezos. Tezos blockchain is now...
Citigroup Believes Bitcoin Could Become Global Currency
According to a recent report published by Citigroup, Bitcoin could one day emerge as the global currency.
Twitter Buying Bitcoin?Raises $1.25 Billion In Convertible Notes
Is Twitter buying Bitcoin? Twitter announced that it has raised $1.25 billion in convertible notes. Giving some the impression...
Bitcoin Rallies Back Towards $50,000 As Bond Sell-Off Cools Off
Bitcoin bounced back, almost hitting $50,000 after last week's turbulent trading, triggered by a sell-off in the US Treasurys...

Featured Crypto News

BlockFi Announces Record Payments For Clients In February
Crypto lending firm BlockFi posted another record-breaking month in February. The firm paid out over $35 million in interest...
Tezos Integrated Into Wolfram Blockchain Platform
Wolfram Blockchain Labs announced that its DLT will utilize the blockchain resources of TQ Tezos. Tezos blockchain is now...
Twitter Buying Bitcoin?Raises $1.25 Billion In Convertible Notes
Is Twitter buying Bitcoin? Twitter announced that it has raised $1.25 billion in convertible notes. Giving some the impression...
Bitcoin Rallies Back Towards $50,000 As Bond Sell-Off Cools Off
Bitcoin bounced back, almost hitting $50,000 after last week's turbulent trading, triggered by a sell-off in the US Treasurys...
Bitcoin Price Surges After MicroStrategy Increases BTC Holdings
The price of Bitcoin shot up 7% on Monday following MicroStrategy's announcement. That is purchased an additional $15 million...
Cardano To Update Mary Protocol On March 1
Cardano’s core development team announced that the Mary protocol update will go live on March 1. Input Output also...