Social media popularity and cryptocurrency price trends are joined at the hip. This fact is true both in the extreme representations like Dogecoin and the standard cryptocurrencies that dominate normal discourse.
There is a case to be made that cryptocurrency could not grow this big were it not for the social media age. Bitcoin’s rise as a peer-to-peer coin took off in the early 2010s as Facebook and Twitter became part of everyday life. Meme coins like Dogecoin and PEPE are recent trends that perfectly illustrate the power of social media popularity and notoriety for cryptocurrencies.
Meme Coins As The Ultimate Symbol Of Crypto Notoriety
Around 2019, Elon Musk and a few other Twitter (now X) users started making jokes about Dogecoin. Soon enough, this meme coin went off and had rallies of over 1000% on specific days. Dogecoin would rally because its community of users were on board a rocket ship “to the…
