RSI - Dogecoin's Social Sentiment Surges 600% In Single Day As DOGE Crosses 10 Cent Mark But This Indicator Is Flashing 'Sell' | Benzinga
Amid a surging cryptocurrency market, Dogecoin (CRYPTO: DOGE), the meme-based cryptocurrency, is experiencing a rise in both price and social sentiment.
What Happened: Data from social analytics firm LunarCrush revealed an increase in Dogecoin’s social media presence, with a 600% rise in its “social dominance score” recorded within a single day. Social dominance calculates the “share of voice” across all social media data.
As Bitcoin soared above the $64,000 mark, driving positive sentiment across the crypto landscape, Dogecoin's price rose to the $0.10 threshold.
In terms of market capitalization, Dogecoin reclaimed its position among the top ten cryptocurrencies, surpassing Avalanche (AVAX). The token currently holds a market capitalization of $16.4 billion, securing its standing as ...