The rise in meme cryptocurrencies’ popularity has to an extent been driven by various online publications focusing on the coins as more investors searched for information amid their skyrocketing value.
In November, Dogecoin, a leading meme coin, recorded 106,800 published online pages, according to data retrieved by Finbold from Ahrefs.com.
In comparison, DOGE’s number of published pages was at least 13 times more than Shiba Inu, which registered 8,100 publications. SHIB’s value dropped at least 33% in November, while Dogecoin also plunged over 20%.
The publication around the two most popular meme coins emerged when the cryptocurrency market experienced high volatility. Notably, the publications have provided the latest developments around the tokens with investors looking for more information and insights.
DOGE and SHIB most searched tokens
In this line, the coins were among the most searched tokens on the internet. As previously reported by Finbold Dogecoin and Shiba Inu were the most-searched tokens on Google in 30 U.S. states in 2021.
Worth noting is that the two coins have been on the spot for lacking real-world uses cases, and any related content on developments like potential exchange listing and adoption has proven key to their price surge. Consequently, various publishers have understood the importance of such information to guide readers in making investment decisions.
Furthermore, although Dogecoin and Shiba Inu appear to have the same share of popularity, the former has registered a high number of published pages, partly attributed to the coin’s longevity in the market.
The longevity has seen DOGE score more adoption and endorsement from celebrities, including Tesla CEO Elon Musk. Also, DOGE ranks higher than SHIB based on market cap.
Notably, at some point, DOGE’s position was momentarily threatened in late October after being displaced as the 10th biggest cryptocurrency and highest-ranked meme coin by market cap. The development resulted in euphoria among SHIB fans.
Additionally, the significant number of published Dogecoin-related pages can potentially be linked to the community around the coin. Dogecoin is considered a large and vibrant community compared to other meme coins in the market.