Dogecoin is the Top Meme Coin With the Most Social Engagements

Crypto social intelligence platform LunarCrush has released the latest data comparing the social engagements of top coins. The data reveals that the king of meme coins Dogecoin has emerged as the top meme coin with the most social engagements.

The data comes at a time when social media has been drawing much attention to other meme coins, including Shiba Inu and Bonk coin. Shiba Inu did not make the top ten list. However, Bonk coin has managed to bag the seventh rank in terms of social engagements. BONK has over 477,193,005 social engagements as opposed to the 552,499,372 engagements of DOGE.

DOGE is trading at $0.07866 at press time, with a 2.72% gain in value over the last 24 hours. SHIB is also up by 2.87% and is trading at $0.000009168.

Other top coins in terms of social engagements include Bitcoin, which is ranked first, followed by ETH, SOL, and BNB. This rise in social engagements can be attributed to the recent rally that displayed single-digit gains for all major cryptocurrencies. BTC has crossed the $18,000 level, and ETH has touched the $1,400 level.

The recent rally is primarily due to the anticipation of the CPI numbers that will be out today. However, it is unclear whether the market will reverse the trend once the numbers are out, which is a frequent pattern and correlation between the CPI numbers and the cryptocurrency market.

The global cryptocurrency market cap is also up by 3.36% in the last 24 hours as the whole market is trading in green.

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