Dogecoin: a report on the crypto from Stocktwits
Dogecoin: a report on the crypto from Stocktwits

Dogecoin: a report on the crypto from Stocktwits

By Amelia Tomasicchio - 12 Mar 2020

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Following the Stocktwits social network, it is possible to read some reports on the crypto market, including some interesting information about Dogecoin (DOGE).

In addition to seeing the price and graphs about its trend over time, it is possible to understand how the 400 million users who use Stocktwits view the DOGE cryptocurrency. 

For instance, it can be seen that in the last 24 hours – as we are writing this article – the sentiment has dropped by 1.73%, the price has dropped by 20% and the volume of messages mentioning the crypto has dropped by 3.45%.

Among the other data that can be found, there are also those related to the health of the project

In total, Dogecoin seems to be followed by over 12 thousand people, while for example BTC is followed by 155 thousand users and Ethereum by 70 thousand.

The cryptocurrencies with more messages, overall since the beginning of 2020, seem to be Bitcoin, Ethereum, Bitcoin Satoshi Vision (BSV) and Ripple (XRP), as revealed also by Decrypt.

Clearly, it’s evident that in the periods in which the prices of some cryptocurrencies are performing well, also the messages on this social increase.

Unfortunately, the messages refer only to the social network itself and not, for example, to Twitter, but with 400 million users the data are certainly relevant.

The performance of Tesla

The social network is not only for crypto but for all markets, even for equities and the stock exchange.

For example, seeing that Elon Musk said he was a supporter of Dogecoin even though he was probably trolling, as far as Tesla is concerned the volume of messages on the subject in the last 24h has risen by almost 1%, while stock prices are falling by almost 10% and thus the sentiment is quite negative.

In reality, at this time, virtually all cryptocurrencies are in red: Bitcoin, Ethereum, Bitcoin Cash, TRON and all the major crypto assets per market cap are showing declines of up to 30% in the last few hours.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and Business Developer at Huobi for the Italian market.

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