Future

2024

Dogecoin

Million

Read

<ul>
 <li>Dogecoin witnessed a record-breaking surge, with 247,240 new addresses created, signaling potential future price growth.</li>
 <li>The adoption of Ordinals technology on the Dogecoin network contributes to the unprecedented rise in new addresses.</li>
 <li>Analysts foresee a positive outlook for Dogecoin’s price, anticipating a potential surge to $5.</li>
</ul>
<p>Dogecoin’s (DOGE) network has witnessed an exceptional upswing, marked by an unprecedented surge of 247,240 new addresses. This surge surpasses the previous record set in 2014, shortly after the cryptocurrency’s inception, hinting at potential future escalations in value.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> network is witnessing a remarkable surge in growth, with new addresses increasing by a staggering 1,100% over the past week! <br><br>On January 29 alone, a record-breaking 247,240 new <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> addresses were created, marking an all-time high. A sustained uptrend in network… <a href="https://t.co/7tNAPzJaP2" rel="noopener noreferrer nofollow">pic.twitter.com/7tNAPzJaP2</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1752256455762194482?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The remarkable surge in newly established addresses also reflects a remarkable 1,100% rise within a mere week, a significant achievement occurring in the early stages of what appears to be a crypto bull market. The upsurge in new addresses is attributed not only to the renewed interest in the broader crypto market but also to the implementation of Ordinals technology on Dogecoin’s network.&nbsp;</p>
<p>Originating from Bitcoin (BTC), this technology now enables users to partake in the trading of non-fungible tokens (NFTs) on the Dogecoin network. Significantly, projects such as Doge Labs leverage the DRC-20 token standard, allowing users to trade NFTs denominated in the DOGE cryptocurrency.</p>
<p>The introduction of Doginals, as these Dogecoin-based NFTs are dubbed, has generated enthusiasm within the community. The trajectory of this trend remains uncertain, but if it sustains its initial momentum, it could lead to an upswing in demand for DOGE as users seek the cryptocurrency for trading these assets.</p>
<p>As of the current update, Dogecoin is trading at $0.08076, reflecting a moderate 5% growth over the past week. Market analysts express optimism about the future, envisioning the potential for Dogecoin’s value to surge, with some speculating an ambitious climb up to $5.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/what-dogecoins-achievement-of-over-five-million-addresses-means-for-investors/" rel="noopener noreferrer nofollow">What Dogecoin’s Achievement of Over Five Million Addresses Means for Investors</a></li>
 <li><a href="https://cryptonewsland.com/dogecoin-hits-5m-addresses-surging-activity-sparks-excitement/" rel="noopener noreferrer nofollow">Dogecoin Hits 5M Addresses: Surging Activity Sparks Excitement</a></li>
 <li><a href="https://cryptonewsland.com/dogecoin-breaks-barriers-5-million-wallet-addresses-and-counting/" rel="noopener noreferrer nofollow">Dogecoin Breaks Barriers: 5 Million Wallet Addresses and Counting</a></li>
 <li><a href="https://cryptonewsland.com/why-a-1097-surge-could-be-in-dogecoins-near-future/" rel="noopener noreferrer nofollow">Why a 1,097% Surge Could Be in Dogecoin’s Near Future</a></li>
 <li><a href="https://cryptonewsland.com/experts-forecast-dogecoins-imminent-surge-to-1/" rel="noopener noreferrer nofollow">Expert’s Forecast: Dogecoin’s Imminent Surge to $1</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/dogecoin-sees-247k-new-addresses-price-surge-ahead/" rel="noopener noreferrer nofollow">Dogecoin Sees 247K New Addresses: Price Surge Ahead?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Dogecoin Sees 247K New Addresses: Price Surge Ahead?

Crypto News Land

Other articles published on Jan 30, 2024

Millions of XRP Disappear in Mysterious Ripple Transfer

Starknet and Celestia: Pioneering Data Availability in Layer 3 Ecosystem

Crypto Prices Today: Bitcoin, Cardano, Sui Rally As Pepe Coin Remains Inert

Binance Will Finally Agree to Allow Customer to Store Their Funds Somewhere Else – Report

Binance to reduce stake in Korean crypto exchange Gopax, report says

Massive Shiba Inu (SHIB) Token Transfer Detected

Join our free newsletter for daily crypto updates!