Follower count of official Dogecoin Twitter account has crossed three million users
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- break into the mainstream
- Two Dogecoin Co-Founders
The official Twitter account of the meme cryptocurrency Dogecoin has garnered three million followers.
Congratulations @ dogecoin account to reach 3 million followers!
#dogecoin The family is growing every day! #DogeArmy
— (@itsALLrisky) 6 February 2022
It is the second largest cryptocurrency on the popular social media platform (behind only bitcoin).
For comparison, rival meme coin Shiba Inu has 2.7 million Twitter followers.
break into the mainstream
The Dogecoin account has seen an astonishing growth over the past year, recording a 681% increase in followers.
Canine Coin’s Reddit community also has 2.3 million subscribers. It was the most viewed cryptocurrency-related subreddit of 2021.
Dogecoin’s popularity exploded in the fourth quarter of 2021 due to a price rally driven by Elon Musk. The Twitter account topped one million followers by the end of April amid an unprecedented retail-driven frenzy.
However, this impressive growth stalled after the price of the Joke cryptocurrency began to decline in early May. Nevertheless, the original meme coin, which was inspired by the Doge meme, was still up nearly 5,000% in 2021, easily outperforming the vast majority of other top cryptocurrencies.
At press time, Dogecoin is down 79.80% from its peak. Despite the drop in prices, the meme coin remains the 11th largest cryptocurrency by market cap.
Two Dogecoin Co-Founders
Dogecoin co-founder Billy Marcus, who tweets on Twitter under the pseudonym Shibetoshi Nakamoto, has also crossed one million Twitter followers, making him one of the most popular cryptocurrency founders. His account has benefited from frequent conversations with Musk, who has 72.8 million followers.
Jackson Palmer, the Australian programmer who created the meme token in collaboration with Marcus, has a modest 41,600 followers. Last July, he lambasted the cryptocurrency industry in a viral tweet, describing it as “a powerful cartel” run by wealthy individuals.