Dogecoin Mania No More: Memecoin Interest Plunging On Social Media
Data shows users on the major social media platforms have continuously been losing interest in Dogecoin and other memecoins recently. Top 6 Memecoins Have Seen Their Social Dominance Trend Down Recently In a new post on X, the analytics firm Santiment has discussed about how social media attention has recently shifted for the various cryptocurrency market segments. The indicator of relevance here is the “Social Dominance,” which is based on another metric known as the Social Volume. The “Social Volume” tells us about the amount of discussion that a given topic or....
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Data shows social media users are currently not paying much attention to memecoins like Dogecoin (DOGE) as compared to Bitcoin (BTC) and other top caps. Bitcoin & Other Layer 1 Top Caps Getting All The Investor Focus Right Now According to data from the analytics firm Santiment, social media users are showing increased focus on the top layer 1 assets as compared to memecoin and other sectors. The indicator of relevance here is the “Social Dominance,” which is based on another metric called the Social Volume. The Social Volume basically tells us about the amount of discussion....
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Data shows the social dominance of Dogecoin has dropped to the lowest value since 2020, implying that interest in the meme coin has disappeared. Dogecoin And Other Meme Coins Have Seen Declining Interest Recently According to data from the on-chain analytics firm Santiment, meme coins have been occupying a smaller part of the trader interest […]
On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new post on X, the market intelligence platform IntoTheBlock has discussed how BTC support and resistance levels are looking from an on-chain perspective right now. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of supply that was last transferred or purchased at it. Below is the chart shared by the analytics....