{"id":541292,"date":"2023-07-05T17:00:08","date_gmt":"2023-07-05T17:00:08","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=541292"},"modified":"2024-06-11T09:36:51","modified_gmt":"2024-06-11T09:36:51","slug":"dogecoin-up-5-but-social-media-talk-remains-low-santiment","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/dogecoin\/dogecoin-up-5-but-social-media-talk-remains-low-santiment\/","title":{"rendered":"Dogecoin Up 5%, But Social Media Talk Remains Low: Santiment"},"content":{"rendered":"
Dogecoin is up 5% during the past week, but data from Santiment reveals that social media talk around the asset still continues to be low.<\/p>\n
According to data from the on-chain analytics firm Santiment<\/a>, there haven’t been many discussions around DOGE on social media recently. The relevant indicator here is “social dominance<\/a>,” which tells us about the percentage of the total discussions happening on social media platforms related to the top 100 assets (by market cap) that involve the topic of Dogecoin.<\/p>\n When the value of this metric is high, it means that the DOGE-related talks currently make up a significant part of the discussions involving the wider cryptocurrency market. Such a trend is usually a sign that the interest in the asset is high among the general investor.<\/p>\n On the other hand, low values imply that social media users aren’t talking that much about the meme coin. Naturally, this kind of trend suggests that there is no excitement around the coin in the market at the moment.<\/p>\n Now, here is a chart that shows the trend in Dogecoin’s social dominance over the last few months:<\/p>\n <\/p>\n As displayed in the above graph, the Dogecoin social dominance has been quite low during the past month. Currently, the indicator’s value is around 1.4%, which means that DOGE-related discussions make up for just 1.4% of all talks related to the top 100 assets.<\/p>\nLooks like the value of the metric has been relatively low in recent days | Source: Santiment on Twitter<\/a><\/pre>\n