In February, 2021, Dogecoin turned out to be the most talked cryptocurrency on Twitter, bypassing Bitcoin and Ethereum, according to data from the ICO Analytics.
According to ICO Analytics, the Dogecoin accounted for 10.4% of mentions related to digital assets. The share of Bitcoin was 10.1%, Ethereum 8.9%.
“It was inevitable in February,” wrote the ICO Analytics team.
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
This popularity was mostly because of Elon Musk tweets.
In February, Musk continued to speak out about Dogecoin on Twitter, after a series of tweets, the Dogecoin price rose by almost 50%.
Later, the businessman said that he had bought some doge coins for his youngest son. Then he turned to large Dogecoin holders with a proposal to sell part of their assets in order to reduce centralization.
There were rumors that SEC will begin investigation on Elon Musk tweets and pumping Dogecoin but there was no official confirmation.
In March, Musk announced his intention to build a new city in Texas, which will become the base for flights to Mars and beyond, and users again asked him about Dogecoin.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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