Recent data show that the number of Twitter conversations about Dodge Coin last month has exceeded the number of conversations about Bitcoin.
to the the report The script, data from the ICO Analytics website, shows that the Dogecoin digital currency received more attention on Twitter last month than any other digital currency. Interestingly, the volume of Twitter conversations about Dodge Coin has been higher than Bitcoin, as the market number one digital currency.
According to the website, which monitors the digital currency market, 10.4 percent of all digital currency messages on Twitter in February were about Dogecoin. Bitcoin, on the other hand, is down 10.1 percent.
Dogecoin has been mentioned 10 times more than Uniswap, an Ethereum-based decentralized exchange with 17,000 users.
Dogecoin was created in 2013 as a “joke” currency or Meem Quinn with the image of a Shiba Inu dog for fun. The market value of this digital currency today is more than $ 6.5 billion, and it is not surprising that it has gained such popularity with the presence of celebrities, rock stars and technology entrepreneurs and even government officials in discussions about it on social networks.
One of Dogecoin’s biggest fans is Elon Musk, CEO of Tesla Automotive, who has previously introduced himself as Dogecoin CEO. In February, he launched a crazy tweet about Dogecoin, saying in one that the digital currency would go to the moon.
Dogecoin’s reputation is not limited to Musk and Twitter. The currency became the subject of controversy over TikTok video software in 2020, and even created a Dogecoin “challenge” that lasted for several days.
This popularity caused the price of this Altcoin to soar. According to data from CoinGecko market instruments, the Dogecoin fell from $ 0.002 in January 2020 to a high of $ 0.083 last month, up 4.050%.
Dogecoin, meanwhile, has been criticized for a number of reasons. An address alone accounts for 27% of its total supply, and this has raised concerns about artificial price inflation. This is an issue that has also offended the Musk.
The Dogecoin network has not seen any development for a long time and has caused problems in its transactions. But a new update this week hopes to fix those issues.