The interest in meme cryptocurrency Dogecoin (DOGE) is skyrocketing to new heights every hour.
According to cryptocurrency market data services provider The Tie, Dogecoin tweet volume has surpassed that of Bitcoin (BTC) over the past 24 hours.
Dogecoin tweet volume has surpassed Bitcoin over the last 24 hours.
This is the first time we have on record that an altcoin has been tweeted about more than Bitcoin over a 24 hour period.
— The TIE (@TheTIEIO) January 28, 2021
According to the TIE, there were over 100,000 tweets about Dogecoin in the trailing 24 hours period, to when it tweeted, from 50,000 unique non-bot accounts.
The move assumes significance as it is the first time ever that a cryptocurrency has overtaken Bitcoin in terms of the social media spark.
Bitcoin (BTC) has a 63.5% dominance of the cryptocurrency market in terms of market capitalization at press time, with a valuation of $634.5 billion.
The second-largest cryptocurrency, Ethereum, has a market cap of $151.3 billion.
Dogecoin is getting a boost from Reddit community SatoshiStreetBets, which is looking to emulate WallStreetBets success with GameStop Corp. (NYSE: GME), AMC Entertainment Holdings Inc. (NYSE: AMC) and others.
Dogecoin traded 809% higher at $0.699 at press time.
See Also: How to Buy Dogecoin (DOGE)
Photo by Dogeloverforever on Wikimedia
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.