In the cryptocurrency world, meme coins continue to attract attention, with Dogecoin and PEPE recently emerging as social media interaction leaders.
Dominance of Dogecoin
According to data from Phoenix Group and LunarCrush, Dogecoin reigns supreme among meme coins, garnering 31.1k engaged posts and 2.6 million interactions in the last 24 hours. This indicates a strong community presence and the token's relevance in market discussions.
MAGACOIN and SHIB in Competition
MAGACOIN (TRUMP) ranks third with 18k engaged posts and 1.7 million interactions. Its appeal is especially noted among U.S. users due to upcoming election narratives. Shiba Inu, with 17.4k posts and 1 million interactions, maintains stable performance in the meme coin ecosystem thanks to ongoing development.
Underdog Tokens Shine
Among the meme coins with a lower trading volume, the GIGA token stands out with 7 thousand posts and 4.4 million interactions, highlighting the role of influencers in driving engagement. Additionally, tokens Popcat and Bonk are also noted with 6.5k and 6.8k posts, respectively, gaining popularity through meme cycles.
Overall activity in the meme coin sector indicates that social metrics are increasingly becoming crucial indicators of sentiment and short-term price movements. High engagement volumes often precede significant price changes.
