Dogecoin, a cryptocurrency created from a meme that became Elon Musk's "darling", overtook bitcoin and was the most cited digital asset on Twitter in February, according to an ICO Analytics survey.
The company's report, released on Wednesday, 3, analyzed the number of quotes about the 150 largest crypto market reach on the social network. Dogecoin, which ranked third in January, overtook bitcoin and ether the two largest cryptographic get in the world and took the lead, responsible for 10.4% of tweets about crypto in the last month.
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Bitcoin, with 10.1%, and ether, with 8.9%, took the second and third places, respectively. The fourth place in the ranking was the cardano (ADA), whose price tripled throughout February, taking the crypto to the position of third largest make a pro of sticking together of the world by market value. In January, the cardano team was only seventh in the list of men on Twitter by ICO Analytics.
The leadership of dogecoin, which was created as a joke in 2013 is not by chance that it carries a meme in its name and soon comes on the heels of Elon Musk's messages about the project. Throughout February, Tesla's founder cited the cryptocurrency several times on the social network, calling it "cryptocurrency reach people", saying it could "literally reach the moon", among several other messages.
In addition, dogecoin comes in a bullish move to make bitcoin jealous. Since January 2020, there have been more than 4,000% increase in price, which has led the cryptocurrency to go viral not only on Twitter, but also on TikTok and Reddit, where a group has even mobilized to raise its price further. most.
Despite its rising popularity, dogecoin is widely criticized by crypto experts, who fear that a joke will be taken too seriously. Among the problems commonly cited, is the fact that only one address owns more than 27% of all existing dogecoin units, a fact that was even criticized by Elon Musk and also the absence of updates and development of the network, unchanged since shortly afterwards. perform your polemic release which cooled down with an update released earlier this week, which promises play in improvements.
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