According to ICO Analytics’ tracker, Dogecoin was the most discussed cryptocurrency on Twitter in February, surpassing Bitcoin and Ethereum.
In February it was inevitable… $Doge has flipped $BTC as the most discussed digital asset in Feb 2021. In the chart below you can find a share of mentions of each coin among top 150 by marketcap.$eth $ada $xrp $link $pols $bnb $dot $egld $ltc $cake $vet $trx $algo $nano $usdt pic.twitter.com/Zdav3WvA8p
— ICO Analytics (@ICO_Analytics) March 3, 2021
According to the tracker, the meme cryptocurrency accounted for 10.4% of mentions related to digital assets. Bitcoin’s share was 10.1%, Ethereum’s 8.9%.
“In February this was inevitable,” wrote the ICO Analytics team.
It was likely a reference to Elon Musk’s tweet hinting at the entrepreneur’s role in boosting the altcoin’s popularity. The quoted January post from the founder of Tesla on the social network was immortalised in the Bitcoin blockchain, although most users linked the post to Dogecoin.
In February, Musk continued speaking about the meme cryptocurrency on Twitter. At the start of the month after a series of his tweets the price of Dogecoin rose by almost 50%.
Later, the entrepreneur said that he bought some coins for his younger son. He then turned to major Dogecoin holders with a proposal to sell part of the assets in order to reduce centralisation.
Against the backdrop of Musk’s activity around Dogecoin rumours of an SEC investigation began due to his tweets about the altcoin. No official confirmations from either side followed.
In March, Musk announced plans to build a new city in Texas, which would become a base for missions to Mars and beyond, and users again asked him about Dogecoin.
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