Dogecoin (DOGE) Google Search Increased! Elon Musk Effect?
Tesla and SpaceX CEO Elon Musk likes to tweet about Dogecoin (DOGE). When it does, the cryptocurrency is generally on the rise, and it also increases Google’s interest.Tesla CEO Elon Musk shared a meaningful message with his Twitter followers on December 20, 2020.
One word: Doge
— Elon Musk (@elonmusk) December 20, 2020
This word captivated a nation, even the whole world. The masses rushed to their keyboards to learn more about this cryptocurrency called Doge. Search volumes for Dogecoin, created in 2013 as an alternative payment system to banks or Bitcoin, rose to record levels on the week of January 3-9. Dogecoin is a cryptocurrency whose reason for debut is a joke, tweeted about by Musk intermittently for two years.
On April 2, 2019, Musk shared a satirical article from The Onion about Bitcoin price volatility and added: “The value of Dogecoin can vary.” Responding to another comment later, “Dogecoin may be my favorite cryptocurrency. Pretty cool “he said.
There is an Rise in Google Searches
Take a look at Google Trends data and you will see the highest level of interest in six months in searches for “Dogecoin” from March 31 to April 6. Well, could it be because of Elon Musk? Yes, maybe.
More than a year later, on April 25, 2020, the South African businessman talked about Dogecoin again. Dogecoin searches doubled during the week of April 26 – May 2. It’s not over. On July 17 of that year, Musk responded to a seemingly angry YouTuber asking for some Bitcoin: “Excuse me, I’m just selling Doge!”
Has interest in Dogecoin increased again? Yes. Dogecoin was already experiencing a search boost that month after a TikToker called on its followers to buy Doge for $ 25. Tiktoker used the following statements:
“Let’s all be rich. Dogecoin is practically worthless. There are 800 million TikTok users. When it reaches $ 1, you will have $ 10,000. Tell everyone you know! (Spoiler alert: The Doge didn’t get $ 1.00 and nobody got rich.)
Musk tweeted about the cryptocurrency on November 17, referring to a Tesla supercomputer , leaving a message with more cryptic comments in it. Has there been an increase in Google searches? Yes.
This brings us to December 20. Following Musk’s one-syllable confirmation, search queries have risen like never before.
This is a story anyway. In fact, other cryptocurrency search terms, including Ethereum , broke records during this period as prices soared . Bitcoin queries also increased, although not as high as the December 2017 bull run. After all, the most important thing someone can do before spending their money on speculative assets for the first time is a Google search.