DOGE price surge: The power of memes and social media on full display
Dogecoin, the quintessential meme crypto, is being pulled on a leash by yet another social media-driven hype. Anyone who has been in the crypto space over the last few years will undoubtedly be familiar with Dogecoin (DOGE) and how social media activity drives its price action. A “fork of a fork” based on Litecoin (LTC), the coin has earned a unique reputation and a considerable cult status within the cryptocurrency space.Unlike other projects, Dogecoin has not seen any protocol upgrades or developments since 2015. Indeed, the success of DOGE derives more from the community-based efforts....
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The price of the meme-based cryptocurrency is at an all-time high as it approaches $0.20. The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project. According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication, with a market capitalization of roughly $23.8 billion. The token’s most recent rally had its price surge more than 63% over the last 24 hours, passing both Uniswap (UNI) and Litecoin (LTC) and become the 8th largest cryptocurrency by market cap. More retail....
Americans carried the digital currency higher, but their enthusiasm may be waning. It was a Shiba Inu shooting across the sky: Dogecoin’s run over the past week will be one for the history books. However, for all the fireworks social media data is indicating that the meme’s run may have met its end. The digital currency, which originally launched in 2013 and has been at the center of a number of absurd headlines and scams over the years, notched another chapter in its often puzzling history over the past few days. On Friday, DOGE managed to eclipse Ethereum in total exchange volume....
In the bitcoin space memes are a popular way of showing enthusiasm within the community. Memes give people a laugh and promote bitcoin adoption in an artistic and sometimes hilarious way. As the new year approaches, Bitcoin.com gathered some of the dankest memes floating around social media this year representing everyone’s favorite digital asset. 2016....
While the latest news and information about cryptocurrency & NFT projects are better known through Web 2.0 social media companies such as Twitter, Instagram, and Youtube. There aren’t any decentralised social platforms available in the market that allows users to own the NFT while being able to display their NFT or Token assets on the social platforms.
The cryptocurrency market is shifting towards a decentralised development of the internet which we called “Web 3.0”. Whereby. In simple terms, it is the idea of implementing the world wide web based on....
The Tesla CEO avowedly loves "dogs and memes" and is greeting the alleged possibility of federal scrutiny of his Dogecoin tweets with a consistently droll attitude. Rumors of a possible investigation by the United States Securities and Exchange Commission into Tesla CEO Elon Musk's alleged impact on Dogecoin's price moves have been circulating on social media over the past day — a phenomenon that one Twitterer has quipped is "peak 2021." I hope they do! It would be awesome — Elon Musk (@elonmusk) February 25, 2021 Musk's previous show-downs with the SEC notwithstanding, the CEO....