{"id":11034,"date":"2021-08-16T03:54:06","date_gmt":"2021-08-16T03:54:06","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/dogecoin-price-captures-24-hour-double-digit-gains-following-social-media-hype\/"},"modified":"2021-08-16T03:54:06","modified_gmt":"2021-08-16T03:54:06","slug":"dogecoin-price-captures-24-hour-double-digit-gains-following-social-media-hype","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/dogecoin-price-captures-24-hour-double-digit-gains-following-social-media-hype\/","title":{"rendered":"Dogecoin Price Captures 24 Hour Double-Digit Gains Following Social Media Hype"},"content":{"rendered":"

The notorious dogecoin has been moving northbound in value once again climbing more than 17% during the last 24 hours and 32% over the course of the week. Currently, across social media platforms like Twitter, Tiktok, and Facebook, the hashtag #dogecointo1dollar has been trending. Meanwhile, a number of other meme-based digital assets that leverage the Shiba Inu dog breed as a name or logo have also seen significant jumps in value.<\/strong><\/p>\n

Dogecoin Spike 17% This Weekend, Supporters Blast the Brand Across Social Media<\/h2>\n

When programmers Billy Markus and Jackson Palmer launched the Dogecoin (DOGE)<\/a> network on December 6, 2013, they never expected<\/a> the meme-based crypto-asset would grow so wildly. In fact, the Shiba Inu dog-inspired cryptocurrency crafted over 7 years and 8 months ago as a joke, is now a $44.42 billion economy.<\/p>\n

On Sunday, August 15, Dogecoin supporters have been rallying on Tiktok, Twitter, and Facebook with the hashtag #dogecointo1dollar. At the time of writing, the hashtag trend on Twitter<\/a> has thousands of tweets mentioning it.<\/p>\n

#DogeCoinTo1Dollar<\/a> cool calm collected pic.twitter.com\/hkvYXmJf2c<\/a><\/p>\n

\u2014 Jeremy (@Jeremy05267232) August 15, 2021<\/a><\/p>\n<\/p>\n

The same thing can be said about Tiktok, which shows 8.2 million views<\/a> of people mentioning the hashtag #dogecointo1dollar. A touch over 1,000 profiles on Facebook<\/a> are using the #dogecointo1dollar hashtag today as well.<\/p>\n

Me seeing #DogeCoinTo1Dollar<\/a> trending right this minute\u2026. \u2764\ufe0f?\u2764\ufe0f? pic.twitter.com\/d9hpg9zLG5<\/a><\/p>\n

\u2014 Anthony Buchanan (@anthonyscountry) August 15, 2021<\/a><\/p>\n<\/p>\n

Google Trends Spike Stems From Turkey, Turkish Lira Commands Top Five Dogecoin Pair, Meme-Currency Is Still Down 53% From All-Time High<\/h2>\n

Worldwide statistics from Google Trends (GT) queries show the search term \u201cdogecoin\u201d has seen a major spike<\/a> between Saturday and Sunday. Turkey is leading according to GT data and is followed by the United States, Canada, the Netherlands, and Singapore.<\/p>\n

The Watford Football Club story<\/a>, that explains the English Premier League football players will wear dogecoin logos, is currently the most trending subject matter tethered to the search term \u201cdogecoin,\u201d according to Sunday\u2019s GT statistics.<\/p>\n

Worldwide Google Trends data on Sunday, August 15, 2021.<\/p>\n

DOGE<\/a> has been trading for roughly $0.339 per unit<\/a> and has around $6.4 billion in global trade volume on Sunday. The biggest trading pair with DOGE today is tether (USDT<\/a>) as it captures $69.8% of all the dogecoin swaps. This is followed by USD (11.49%), BUSD (5.75%), BTC<\/a> (5.40%), and TRY (3.51%).<\/p>\n

Interestingly, DOGE<\/a> has had a strong relationship with the Turkish lira for months on end, and TRY has been a top-five pair with DOGE during this period.<\/p>\n

DOGE\/USD on Sunday, August 15, 2021.<\/p>\n

Data from bitinfocharts.com<\/a> shows the cost per transaction on the network is 0.0056 DOGE per byte which equals 2.11 DOGE ($0.714)<\/a> per transaction. Today, onchain metrics show dogecoin has seen around 17,900 transactions during the course of the last 24 hours.<\/p>\n

On Sunday, August 15, the Dogecoin network hashrate has been coasting along at around 214.48 terahash per second<\/a> (TH\/s). Dogecoin\u2019s network proof-of-work (PoW) Scrypt system, in contrast to Bitcoin\u2019s (BTC<\/a>) PoW (or total work<\/a>), would need 526 confirmations to be as secure as one BTC<\/a> transaction.<\/p>\n

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

<\/p>\n

On Sunday evening (EDT), a great number<\/a> of other meme-based, Shiba Inu-branded crypto assets are following dogecoin\u2019s market lead. For instance, shiba inu (SHIB) is up 11.9% this week and polydoge (POLYDOGE) jumped 43% during the same time frame. DOGE has gained 98.30% over the last month and during the last 12 months it has jumped 9,538% in value.<\/p>\n

Supershiba ($SSHIBA) and shibance token (WOOF) have also spiked more than 40% per coin during the week, but the crypto asset baby dogecoin (BABYDOGE) has lost 21% in the last seven days.<\/p>\n

What do you think about dogecoin\u2019s rise on Sunday evening? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, 24 Hour data, 7 day stats, Baby Doge Coin, Doge, DOGE Markets, Doge Price, dogecoin, Dogecoin Markets, Dogecoin Searches, Dogecoin Turkey, Double-Digit Gains, Facebook, Google Trends Data, shiba inu (SHIB), tiktok, trends, Turkey, Turkey DOGE, Turkish Lira, Twitter<\/p>\n","protected":false},"excerpt":{"rendered":"

The notorious dogecoin has been moving northbound in value once again climbing more than 17% during the last 24 hours and 32% over the course of the week. Currently, across social media platforms like Twitter, Tiktok, and Facebook, the hashtag #dogecointo1dollar has been trending. Meanwhile, a number of other meme-based digital assets that leverage the…<\/p>\n","protected":false},"author":0,"featured_media":11035,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11034"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11034"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11035"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}