Dogecoin (DOGE) increased its Twitter followers and surpassed Shiba Inu
Dogecoin (DOGE), backed by billionaire Elon Musk, marked the past year as the most popular meme coin. DOGE, which entered the year in the $0.007 range, peaked at $0.73 in May. Dogecoin, which has increased its value by at least 100 times in a few months, has become the most popular crypto-asset in the cryptocurrency community. DOGE, which first launched the following coins, such as Shiba Inu, Akita Inu and Floki Inu, has exploded the meme coin craze.
Investors are waiting for Dogecoin (Doge) to hit a new high
Although its price has steadily fallen since last May, investors’ hope for Dogecoin has not waned. To this day, millions of investors are waiting for Dogecoin to hit a new high. This intense demand is also evident in the number of users and the level of social media mentions. Dogecoin, one of the most discussed cryptocurrencies on social media, continues to increase its number of subscribers.
The number of people subscribed to the official Twitter account of the popular meme coin has exceeded 3 million people. The cryptocurrency with the most followers on Twitter was bitcoin (BTC). Dogecoin, which is second behind Bitcoin with 4.5 million subscribers, surpassed Shiba Inu, another meme coin in the field. Reaching 3 million Twitter followers, Dogecoin surpassed Shiba Inu with 2.7 million followers. Dogecoin celebrated the increase to 3 million followers with a video posted on its official account.
Dogecoin was the most popular crypto-asset on the Reddit platform last year. Billionaire Elon Musk said: “Dogecoin is the people’s cryptocurrency.” The process, which began with the form’s publication on Twitter, sparked an explosion in the price of Dogecoin, which had been at rock bottom for years. Continuing his statements about Dogecoin, Elon Musk said the previous month, “Now you can buy some Tesla products with DOGE.” After Musk’s statement, the price of DOGE suddenly rose from $0.15 to about $0.22 and then dropped.
It looks like Elon Musk will continue to support Dogecoin. Responding to McDonald’s stock in previous weeks, Musk said: “If you accept Dogecoin as a payment method, I would be willing to eat a Happy Meal (McDonald’s menu) on TV.” Dogecoin fans continue to keep DOGE in their cryptocurrency wallets thanks to Ilon Musk’s support. Dogecoin currently accumulates about $0.15.