On Reddit Hot DOGE nips at the heels of r/Bitcoin

On Reddit Hot DOGE nips at the heels of r/Bitcoin

On Reddit, the most active crypto group and which was behind r/Cryptocurrency and r/Bitcoin week is R/Dogecoin.

Also, the most active community on Reddit is Dogecoin community, despite the fact that it has been under-performing for this past week, when compared with other leading crypto assets.

However with a total comment of 33,833 new comments posetd in seven days, r/dogecoin has been the their most active crypro group on Reddit this week. The aforementioned was premised on the information gooten from Skew data compiled and Messari researcher, Mira tweets.

Ranking behind r/Cryptocurrency, which has 48,757 comments last week, Dogecoin is the most active group coalescing around a single crypto asset. Also on Reddit the wide ranging r/Cryptocurrency attracted the most engagement of any crypto group on Reddit and the comments were about 219,000.

With 15, 735 comments, Cardano was the next most active after DOGE and also with 9, 356 it was followed by Bitcoin Cash. 10, 200 comments were seen from the subreddits r/Ethtrader and r/ethereum.

Despite surging social activity surrounding DOGE, Dogecoin network usage is down compared to Bitcoin. It processed nearly 49,000 transactions over the past 24 hours, while Bitcoin processed 344,000 and Ethereum executed 1.37 million.

In price terms DOGE has under-performed each of the 16 non-stablecoin assets ranked above it by market cap over the past seven days, gaining just 6% while most top assets have gained between 10% and 25%.

Be the first to comment

Leave a Reply

Your email address will not be published.