LunarCrush is a crypto social intelligence agency that tracks social media engagement for cryptocurrencies. They recently released data showing that social engagement for DOGE is up 73.43% today, with 64.66 million social engagements. This is a significant increase from the previous day, when social engagement for DOGE was only around 37.72 million.
This increase in social engagement is likely due to a number of factors. First, many top supporters have been tweeting about DOGE again recently, which has helped to generate interest in the coin. Second, the Dogecoin community is very active on social media, and they are always sharing news and memes about the coin. Third, DOGE has been gaining traction as a tipping currency on social media platforms like Reddit and Twitter (now known as X).
The increase in social engagement is a positive sign for DOGE. It shows that the coin is still popular among investors and users, and it could lead to further price gains in the future. However, it is important to remember that social engagement is not always indicative of price movements. It is always important to do your own research before investing in any cryptocurrency.
Here are some of the reasons why the Dogecoin community is so active on social media:
- The coin is known for its meme status, which appeals to a younger audience that is more likely to be active on social media.
- The Dogecoin community is very passionate about the coin, and they enjoy sharing news and memes about it.
- Dogecoin is a relatively cheap coin, which makes it more accessible to people who are new to cryptocurrency.
- The Dogecoin community is known for its charitable contributions, which has earned it a reputation for being a positive force in the world.
Overall, the recent increase in social engagement for DOGE is a positive sign for the coin. It shows that the community is still active and engaged, and it could lead to further price gains in the future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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