The digital currency “Dogecoin” has become overwhelmed and an inseparable part of the conversation of the cryptocurrency community who discuss currency almost on a daily basis.
The Twitter social platform is one of the contributors to raising the popularity and value of the digital currency “Dogecoin”.
Now, the total market value of “Dogecoin” has outpaced the market value of Twitter.
On May 3 until the date of publication of this article, the market value of the digital currency “Dogecoin” has exceeded $ 60 billion.
Meanwhile, Twitter has a market cap of only $ 43.59 billion after its worst collapse last October.
The price of the digital currency “Dogecoin”, which adopts the slogan inspired by the image of the “Shiba Inu” dog, reached a new high ever at $ 0.49432, according to “coinmarketcap”, ie, an increase of nearly 30% in the last 24 hours.
Dogecoin also continues to record its highest levels ever against Bitcoin, reaching another peak of 890 satoshi at the time of publishing this article, according to coinmarketcap.
The massive rise in cryptocurrency was mostly driven by “Elon Musk” tweets.
It’s clear that the memes he posts to the Tesla CEO have been taken very seriously by his followers.
Aside from “Elon Musk”, the value of the joke coin has risen thanks to several other high-profile personalities, including billionaire Mark Cuban, whose Twitter account has now been partially devoted to currency promotion.
Among the reasons that made the value of the currency explode is its inclusion on the eToro platform.
The Twitter platform, of course, isn’t the only social media platform Dogecoin is thriving on.
In fact, the Reddit community has already attracted 1.6 million subscribers.