Dogecoin ($DOGE) ar putea continua să crească după ce a crescut cu peste 120% în această lună, sugerează analiza

The price of the meme-inspired cryptocurrency Dogecoin ($DOGE) could keep rallying in the near future, even after moving up more than 120% over the last few days after Tesla and Space X CEO Elon Musk acquired the microblogging platform Twitter.

According to on-chain cryptocurrency analytics firm Santiment, DOGE appears to have “room for more growth” in the near future based on search volume on Google and on the cryptocurrency’s social dominance.

Într-o post, platforma notat that the search volume for Dogecoin on search giant Google hasn’t risen to levels that are anywhere comparable to those seen back in May 2021, when the cryptocurrency’s price hit an all-time high above the $0.70 mark.

După cum a raportat CryptoGlobe, interesul de căutare pentru DOGE a explodat ahead of a 10,000% price rally last year, with influencers associated with the WallStreetBets subreddit calling for the meme-inspired to cryptocurrency to surge to $1 being part of the reason for the search explosion, along with jokes made by Tesla CEO Elon Musk around the cryptocurrency.

Looking at Dogecoin’s social dominance, Santiment noted that the cryptocurrency’s dominance back in May 2021 was a “whopping 40%” while right now it’s at only 14%, suggesting there’s significantly more room for growth.

As the cryptocurrency has been “holding top 5 of our social trends for the last 4-5 days,” this could be interpreted as an “indicator of incoming price decline.” As reported, DOGE’s price surged earlier this week after Elon Musk’s Twitter takeover, as speculation has been abound as to how, and if, Musk will implement DOGE-related features on the microblogging platform.

Notably, leading cryptocurrency exchange Binance has recently launched a ‘Bluebird Index', care este un index de criptomonedă care urmărește performanța propriului token nativ, $BNB, precum și pe cea a Dogecoin ($DOGE) și a unei criptomonede puțin cunoscute numită Mask Network ($MARK). Numele și elementele constitutive ale indexului au atras atenția pe rețelele sociale, mai mulți utilizatori susținând că Binance sugerează monedele care vor face parte dintr-o viitoare integrare Twitter în Web3.

În timpul unei conferințe de presă la Web Summit-ul din 2022 de la Lisabona, CEO-ul Binance a detaliat că firma este un „investitor minoritar” care dorește să fie „cât mai susținător posibil” cu Twitter. CZ a adăugat că, în discuțiile cu Musk, a menționat utilizarea Dogecoin pe platforma de microblogging.

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