• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
Tweet Dogecoin Bitcoin

Bitcoin Tweets Surpass Dogecoin Despite Meme Coin Craze

Dalmas Ngetich by Dalmas Ngetich
3 weeks ago
in Dogecoin
Reading Time: 3 mins read

Data from BitcoinInfoCharts, an analytics platform, shows that there are far more tweets about Bitcoin than Dogecoin despite the spike of meme token activity in the past month.

Tweets About Bitcoin Exceed Those Of Dogecoin

As of May 14, there were over 200,000 tweets related to Bitcoin. In contrast, users only posted roughly 4,800 tweets about the first meme coin, Dogecoin. What’s interesting is that this trend has been constant even with the spike in meme token activities over the past month.

Bitcoin is the first blockchain project and the most valuable cryptocurrency that some governments have adopted. Trading at over $27,000 as of May 15, the coin dominates the crypto scene. It has remained resilient even in the recent crypto winter. 

Related Reading: Dogecoin Traders Watch For A Breakout On Higher-Than-Average Volume

As dominance data shows, Bitcoin is preferred by traders despite the rise of meme tokens like Pepe Coin (PEPE) and Dogecoin.

For context, after rising to as highs as $0.70 during the last bull cycle, Dogecoin prices plunged by over 90% throughout 2022, falling to as low as $0.05. 

Dogecoin Price On May 15| Source: DOGEUSDT On Binance, TradingView
Dogecoin Price On May 15| Source: DOGEUSDT On Binance, TradingView

During the last Bull Run, between April and May 2021, there were more tweets about Dogecoin than Bitcoin. For instance, as of April 16, 2021, there were 3,000 tweets about Dogecoin than Bitcoin. However, this was the last time there were more tweets about Dogecoin than Bitcoin.

Since then, the number of Dogecoin tweets has fallen, following DOGE prices which also began crashing in May 2021. And although Bitcoin prices peaked at over $69,000 in November 2021, they also contracted in subsequent months, dropping to as low as $16,000 in late 2022. Still, there were more tweets about Bitcoin than Dogecoin throughout the bear market of 2022.

Fortunately, DOGE and BTC prices have since recovered from the pits of 2022. DOGE prices rose 115% from H2 2022 lows to $0.105 in April 2023. At that time, BTC rallied from below $16,000 to as high as $31,000.

Tweets Aren’t Everything

Typically, the number of tweets about a cryptocurrency project can be used to measure popularity. The more there are tweets related to a crypto project, the more likely that it could be trending and that the crypto community is engaging with the platform. 

Even so, in most cases, considering the misuse of bots, the credibility of those tweets should be questioned. Depending on the popularity of projects, some rogue actors can be paid to spam the platform, increasing the tweet count. 

Related Reading: Dogecoin Expected To Experience A Further 6% Decrease Prior to Initiating Recovery

Therefore, while the number of tweets can be a metric to gauge activity, it doesn’t necessarily mean that projects with more tweets have a better development team or use modern technology than those with low social media activity. 

To address this menace, Twitter has said it will crack down on bots and take appropriate measures to prevent the proliferation of the view on the platform. 

Starting April 15th, only verified accounts will be eligible to be in For You recommendations.

The is the only realistic way to address advanced AI bot swarms taking over. It is otherwise a hopeless losing battle.

Voting in polls will require verification for same reason.

— Elon Musk (@elonmusk) March 27, 2023

Some of the steps taken include using bot detection tools and integrating artificial intelligence to flag accounts with suspicious activities.

Feature From Canva, Chart From TradingView
Tags: bitcoinbtcdogeDogecointwitter
Tweet123Share196ShareSend
Dalmas Ngetich

Dalmas Ngetich

Dalmas is a crypto reporter covering NFTs, blockchain, DeFi, and blockchain news for NewsBTC. He’s part of a team of talented team working on bringing latest crypto development across the board. Dalmas is also the ex-founder of btc-pulse.com, a crypto news outlet. Dalmas has over 10 years of experience covering Forex, general finance, technology, and blockchain developments. His work and that of his partners has been featured in top news outlets including investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. He’s passionate about technology and politics. When he’s not keeping tabs on crypto events, you’ll find him out in nature, exploring and traveling with family and friends. You can follow Dalmas on Twitter @Dalmas_Ngetich or ping him on Telegram @Dalmas_Ngetich

Related Posts

Dogecoin

Dogecoin Bounces Off $0.070 Mark, Awaits Breakthrough of Crucial Hurdle

6 days ago
Dogecoin cryptocurrency physical coin held between two fingers.

Elon Musk Reveals Reason Behind Dogecoin Investment, But Why Is DOGE Down?

2 weeks ago
Dogecoin Ordinals

Dogecoin Transaction Count Rises 60X, But Why Are Prices Down?

2 weeks ago
Dogecoin

Dogecoin Multiple Attempts At $0.10: Will The Barrier Finally Be Broken?

2 weeks ago
Shiba Inu & Dogecoin Price Chart

Dogecoin, Shiba Inu Whales Move Massive Amounts, Dumping Going On?

3 weeks ago
Dogecoin

Dogecoin Sees Highest Transactions Count Ever Due DRC20 Madness

3 weeks ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    4 days ago
  • Willing to buy new crypto: Here are the best 10...

    4 days ago
  • Best Crypto Meme Coin Presales in 2023

    4 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • As Pepe (PEPE) Hype Becomes History, DigiToads (TOADS)...

    3 hours ago
  • InQubeta (QUBE) Could Overtake Aave (AAVE) in Market Cap...

    3 hours ago
  • AI Analytics: SingularityNET, Ripple, and The Sandbox Top...

    4 hours ago
  • According to experienced traders, Aave (AAVE) and InQubeta...

    8 hours ago
  • Avalanche price at important support level, Quant price to...

    10 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.