As the cryptocurrency industry has flourished and has gained enormous adoption, many tokens are being created just for the sake of fun. Among these entertaining tokens was the Dogecoin (DOGE), which was also created as part of a joke.
However, Dogecoin (DOGE) has become a sensation and a widely adopted cryptocurrency in the last 24-hours. The meme coin is being widely discussed on the Twitter platform as well as the Telegram platforms. It has been speculated that the major reason behind the surge in the price of Dogecoin (DOGE) is because of the Reddit army.
In the past couple of years, a particular group of users from the Reddit platform have emerged that are playing a huge role in surging the price of the assets they choose.
Just a few days back, the Reddit army had its focus on GameStop (GME) that resulted in surging the price of GME to all-time highs. This time, it is Dogecoin (DOGE) that has become the center of attention for the Reddit army.
As the Reddit army has pointed its attention towards Dogecoin (DOGE), it has now started gaining a lot of attention on the Twitter platform. Dogecoin (DOGE) is now being widely discussed on the Twitter platform and its daily tweet volume is also skyrocketing.
Compared to the average daily tweet volume for the last 30 days, the tweet volume on the platform skyrocketed by 1787% since January 28, 2021. According to one of the cryptocurrency data providers, the Twitter platform observed 89,991 tweets that were made on the DOGE account within 24 hours.
The TIE platform has also confirmed that the number of tweets observed by DOGE within 24 hours is even more than the tweets gathered by Bitcoin (BTC). In simple words, DOGE has managed to become the only altcoin that has defeated Bitcoin (BTC) by accumulating the highest amount of tweets.
The information was even shared throughout the Twitter cryptocurrency platform. The news started rotating all over the Twitter platform that DOGE surpassed Bitcoin (BTC) with respect to tweet volume.
In general, TIE also commended the price, trading volume, and Twitter volume of the meme coin.
Similar to the Twitter volume, Dogecoin also experienced a surge with respect to its trading volume. In the past 24 hours, the price of Dogecoin (DOGE) has also increased by 223%.
Again, this is mainly because of the Reddit army rallying up to increase the price of Dogecoin (DOGE). Dogecoin (DOGE) is another addition to the list of assets that have gained prices due to the Reddit army. Some other tokens that have experienced a surge with respect to their prices include AMC and GME.