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.
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 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. #DOGE pic.twitter.com/dZ30YtOZAr
— LongHash (@longhashdata) February 9, 2021
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.
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.
“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…