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Dogecoin (DOGE-USD) to the Moon!

April 16, 2021

Dogecoin (DOGE-USD) to the Moon!

This week’s headlines have been dominated by cryptocurrency, but we’d be remiss if we didn’t take a look at everyone’s favorite meme/crypto hybrid: Dogecoin (DOGE-USD).
Over the past 5 days, the price of DOGE has gained by more than +400%, from <$.10 to as high as $0.43 -- Despite this renewed frenzy of buying, Dogecoin Mentions have yet to surpass the daily high seen during the last massive price increase. Mentions of Dogecoin began to rise in the days leading up to yesterday's parabolic move, likely due to the attention brought to the crypto space by the Coinbase IPO.
Elon Musk hasn’t tweeted about it multiple times. Still, lower Mention volume suggests that there is a significantly smaller group of holders (hodlers) making gains on the most recent run. In fact, there's 1 active DOGE wallet worth $1.3 billion.

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LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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