Thursday, February 25, 2021

Dogecoin (DOGE) Search Volume on Baidu Spikes 10x of 2017 Levels

There has been an increase in the search volume of Dogecoin (DOGE) on Baidu since Elon Musk started his usual jokes with the meme token. Both its price and search interest have continued to rise.

Dogecoin (DOGE) Search Volume Explodes

According to data from the analytics firm, LongHash, the search traffic of the meme token Dogecoin (DOGE) on the popular Chinese search engine is now 10x more than 2017 levels.

This observation about Dogecoin was shared by the team at LongHash via its official Twitter handle on 9th February 2021.

Read Also: Dogecoin (DOGE) Tweet Volume Rises by Over 1800%, Becomes First Altcoin to Surpass Bitcoin (BTC)

Captioning an illustrative chart, LongHash tweeted, “Dogecoin fever has spread to China. Following Elon Musk’s tweets Dogecoin (狗狗币) search volume on Baidu reached its highest level ever, 10 times that of the 2017 bull market.”

Dogecoin (DOGE) Becomes Snoop Dogg and Gene Simmons’ Favorite

Obviously, Elon Musk’s support for Dogecoin (DOGE) has been drawing the attention of investors, traders and Hollywood celebrities to closely observe the digital currency.

A couple of days ago, American rapper, Snoop Dogg and Gene Simmons became fans of Dogecoin. Simmons even revealed his investment in the digital token.

Read Also: Elon Musk Shares His Thought about Bitcoin (BTC) and Money

The two famous celebrities shared their passion for the cryptocurrency with Elon Musk and their millions of followers on Twitter

Mark Cuban Says Dogecoin Is Good for Teaching Basic Supply and Demand

Popular Shark Tank judge and Dallas Mavericks owner, Mark Cuban, also chimed in on Dogecoin’s popularity via an interview with Forbes. According to Mr. Cuban, Dogecoin is ideal for teaching the economics of supply and demand and introducing people to crypto assets. He explained:

“No it’s not a bad look. Dogecoin is less than a dime. You can buy $1 worth or $10 worth and have fun watching it all day every day…it’s the best entertainment bang for your buck available.

Read Also: Gemini’s Cameron Winklevoss: Dogecoin (DOGE) Is a Protest

“I bought a few dollars worth for my son and we watch it and discuss all its price movements and why they occur. It’s fun, it’s exciting and educational for him…


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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