DOGE is the most talked about social media after Bitcoin

When it comes to crypto memes, social interaction and a strong community are important. Let’s take a look at where DOGE – the memecoin with the highest market value in the crypto world – stands in this regard.

The latest social media data for the most popular coin meme has come to the fore. Recently, DOGE slipped down the popularity chart compared to SHIB. For now, however, it seems that DOGE is slowly returning to its former glory.

DOGE stands out on social media

The number of followers of the official Dogecoin Twitter account has now exceeded 3 million users. It is the cryptocurrency with the most followers after Bitcoin (with 4.5 million followers). Closely behind is SHIB, also known as the “Dogecoin Killer”, with 2.7 million followers.

For example, the number of users following Dogecoin’s Twitter account increased by 681% in just one year. Additionally, this popular coin meme is enjoying similar success on Reddit, with 2.3 million subscribers.

Looking back at 2021, DOGE was the most talked about cryptocurrency on Reddit. In addition, it should not be overlooked that DOGE will be promoted by Elon Musk from 2021. Especially since there was news that Tesla accepted DOGE as a means of payment. These protests helped DOGE surpass 1 million followers in April 2021.

However, by 2021, the price hasn’t quite risen. DOGE’s impressive growth has stalled after its price started falling in early May. Despite this, the most popular meme coin is up nearly 5,000% since 2021, outperforming most other cryptocurrencies. At the time of writing, DOGE is 78.4% below its ATH. Despite the drop in price, this coin meme remains the 11th largest cryptocurrency by market cap.

DOGE 1-Day Price Chart | Source: Trade View

The Dogecoin co-founders have a different approach

Dogecoin co-founder Billy Markus, who uses the nickname Shibetoshi Nakamoto on Twitter, also has over 1 million followers on Twitter. Markus is currently one of the most visited crypto founders.

Australian programmer Jackson Palmer, who created this coin meme with Markus, has 41,600 followers. At the time of writing, Palmer and Markus’ different approaches to the crypto market are notable. While Markus interacted with Elon Musk on several occasions, Palmer sharply criticized the crypto industry.

In a viral tweet in July, Jackson Palmer described the industry as a “powerful corporation” run by the wealthy.

Can DOGE return to its prime?

Many people think that SHIB’s explosive growth is due to Elon Musk sharing a photo of his dog Shiba Inu. This led to rumors that Tesla’s CEO would be leaving Dogecoin and moving to a new meme token.

The fact that SHIB received support from Musk during its rise and DOGE fell out of favor at the same time has led the community of the most popular meme coin to believe that DOGE is not what it used to be. However, this appears to be changing.

Since October 27, SHIB has entered a downtrend and ranked lower in the market. SHIB was ranked 9th on Oct. 27 but has now fallen to 14th. On the other hand, DOGE is ranked as the 11th largest cryptocurrency by market cap today. Additionally, the growing popularity on social media is said to support the possibility of future price increases.

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