Dogecoin & Other Memecoins No Longer Grabbing Social Media Attention: Santiment

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Dogecoin & Other Memecoins No Longer Grabbing Social Media Attention: Santiment - NewsBTC

Quick Summary:

Below is the chart shared by the analytics firm that shows the trend in the Social Dominance for these two types of cryptocurrencies over the last few weeks: As displayed in the graph, the Social Dominance of the Memecoin Top 6 was high a couple of weeks ago, implying social media users were highly interested in Dogecoin, Shiba Inu, and other such tokens.

Dogecoin & Other Top Memecoins Have Seen A Decline In Social Dominance In a new post on X, Santiment has talked about how cryptocurrency market sentiment on social media has changed amid the latest bearish downturn.

Related Reading: Bitcoin To Top Above $168,500 Based On This Indicator, Analyst Reveals Focusing on just the posts means that a few outlier ones with hundreds of mentions can’t skew the data by themselves and the metric only registers a spike when discussion is spread across the major social media platforms.