Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data

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Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data - NewsBTC

Quick Summary:

Below is the chart shared by the analytics firm that shows the trend in the Social Dominance for four segments of the sector over the past month: As displayed in the graph, the Social Dominance of the top 6 layer 1 assets has recently been the highest in the sector.“Layer 1” networks refer to those blockchains that handle their own security and aren’t built on top of another network.

Bitcoin & Other Layer 1 Top Caps Getting All The Investor Focus Right Now According to data from the analytics firm Santiment, social media users are showing increased focus on the top layer 1 assets as compared to memecoin and other sectors.

Data shows social media users are currently not paying much attention to memecoins like Dogecoin (DOGE) as compared to Bitcoin (BTC) and other top caps.