Dogecoin Price captures double-digit 24-hour gains following social media hype – markets and prices bitcoin news

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The value of the notorious dogecoin has moved northward, climbing again over 17% in the past 24 hours and 32% during the week. Currently, on social media platforms like Twitter, Tiktok and Facebook, the hashtag # dogecointo1dollar is all the rage. Meanwhile, a number of other meme-based digital assets that exploit the Shiba Inu dog breed as a name or logo have also seen their value increase significantly.

Dogecoin Spike 17% this weekend, supporters explode brand on social media

When programmers Billy Markus and Jackson Palmer launched the Dogecoin Network (DOGE) on December 6, 2013, they didn’t expect the memes-based crypto asset to grow so wildly. In fact, the dog-inspired cryptocurrency Shiba Inu, conceived more than 7 years and 8 months ago as a joke, now represents a savings of $ 44.42 billion.

On Sunday August 15, Dogecoin supporters rallied on Tiktok, Twitter and Facebook with the hashtag # dogecointo1dollar. As of this writing, the hashtag trend on Twitter has thousands of tweets mentioning it.

# DogeCoinTo1Dollar cool calm collected pic.twitter.com/hkvYXmJf2c

– Jeremy (@ Jeremy05267232) August 15, 2021

The same can be said about Tiktok, which shows 8.2 million views of people mentioning the hashtag # dogecointo1dollar. Today, more than 1,000 profiles on Facebook also use the hashtag # dogecointo1dollar.

I see the # DogeCoinTo1Dollar trend right now…. ❤️👑❤️👑 pic.twitter.com/d9hpg9zLG5

– Anthony Buchanan (@anthonyscountry) August 15, 2021

Google Trends Spike is from Turkey, Turkish Lira commands top five dogecoin pairs, currency meme is still 53% down from all-time high

Global Google Trends (GT) query statistics show that the search term “dogecoin” saw a major spike between Saturday and Sunday. Turkey leads according to GT data and is followed by the United States, Canada, the Netherlands and Singapore.

The history of Watford Football Club, which explains that English Premier League football players will wear dogecoin logos, is currently the hottest topic related to the search term “dogecoin”, according to GT statistics on Sunday.

Global data from Google Trends as of Sunday, August 15, 2021.

DOGE is trading for around $ 0.339 a unit and totals around $ 6.4 billion in global trade volume on Sunday. The biggest pair to trade with DOGE today is tether (USDT) as it captures 69.8% of all dogecoin exchanges. Next come the USD (11.49%), BUSD (5.75%), BTC (5.40%) and TRY (3.51%).

Interestingly, DOGE has had a strong relationship with the Turkish Lira for months and TRY has been in the top five pairs with DOGE during that time.

DOGE / USD on Sunday August 15, 2021.

Data from bitinfocharts.com shows that the cost per transaction on the network is 0.0056 DOGE per byte, which is equivalent to 2.11 DOGE ($ 0.714) per transaction. Today, onchain metrics show that dogecoin recorded around 17,900 transactions in the last 24 hours.

On Sunday August 15th, the hashrate of the Dogecoin network hovered around 214.48 terahash per second (TH / s). Dogecoin’s Proof of Network (PoW) Scrypt system, unlike Bitcoin’s (BTC) PoW (or Total Work), would need 526 confirmations to be as secure as a BTC transaction.

Dogecoin saw around 41,000 per day in mid-March and the currency is down 53% from its all-time high (ATH). The dogecoin crypto asset (DOGE) hit an ATH of $ 0.737 three months ago.

On Sunday evening (EDT), a slew of other memes-based Shiba Inu-branded crypto assets are following the lead of the dogecoin market. For example, shiba inu (SHIB) is up 11.9% this week and polydoge (POLYDOGE) has jumped 43% in the same period. DOGE has gained 98.30% over the past month and over the past 12 months it has jumped 9.538% in value.

Supershiba ($ SSHIBA) and shibance token (WOOF) also rose over 40% per coin during the week, but the baby dogecoin (BABYDOGE) crypto asset has lost 21% in the past seven days.

What do you think of the rise in dogecoin on Sunday night? Let us know what you think of this topic in the comments section below.

Tags in this story 24 hour data, 7 day stats, Baby Doge Coin, Doge, DOGE Markets, Doge Price, dogecoin, Dogecoin Markets, Dogecoin Searches, Dogecoin Turkey, Double Digit Earnings, Facebook, Google Trends Data, shiba inu (SHIB), tiktok, trends, Turkey, Turkey DOGE, Turkish lira, Twitter

Image credits: Shutterstock, Pixabay, Wiki Commons, Google Trends, Tradingview, Twitter,

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