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.
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
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