The Dogecoin mania continues to expand rapidly as recent research outlined the growth of Twitter engagements. The meme coin trails only to bitcoin and is well ahead of Ethereum, Cardano, Ripple, and Binance Coin.
DOGE Second Only to Bitcoin
Apart from NFTs, 2021 has been the year of Dogecoin so far. The meme coin has seen mass adoption from celebrities, companies, and, eventually, retail investors, and its value has skyrocketed. To be more precise, the Shiba Inu-inspired token’s gains are nothing short of spectacular since the start of 2021 – north of 30,000% up.
Although some community members, including Meltem Demirors, believe DOGE is simply a “mania and a bubble,” others see a more profound meaning. Galaxy Digital’s CEO, Mike Novogratz, recently asserted that the younger generations express a “little bit of a middle finger to the system” through their adoption of a coin that started as a joke.
Whether people are supporting or bashing it, Dogecoin is making headlines a
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