Future

Dogecoin

Million

Read

Moonchain

<ul> 
 <li>Dogecoin experiences rapid network growth, adding 890,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/">000</a> addresses in seven days, showcasing an 86% new adoption rate.</li> 
 <li>Analyst Ali reports an impressive 1,100% surge in Dogecoin network growth, reaching 247,240 new addresses on January 29.</li> 
 <li>Dogecoin faces a pivotal moment near $0.08, with a potential trend change above and bullish prospects.</li> 
</ul> 
<p>Dogecoin (DOGE) has witnessed an extraordinary surge, adding 890,000 new addresses within seven days. This surge is accompanied by an impressive 86% new adoption rate, signifying the increasing participation of users completing their initial transactions.</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">Over 890.000 new Dogecoin addresses were created in the past 7 days. Activity also spiked, with the new adoption rate reaching as high as 86% as the new users made their first transactions.<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/sVl5CEGkou">https://t.co/sVl5CEGkou</a> <a href="https://t.co/0LxATAEGaO">pic.twitter.com/0LxATAEGaO</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1753032406242644163?ref_src=twsrc%5Etfw">February 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Crypto analyst Ali has recently observed a remarkable growth spurt in the Dogecoin network. The surge amounts to an astounding 1,100% increase over the previous week, with a record-breaking 247,240 new DOGE addresses created on January 29, marking an all-time high. This surge in network activity is attributed to the introduction of the DRC-20 token standard in the past year,</p> 
<p>As the network undergoes this surge, the battle between bulls and bears near the $0.08 mark intensifies. Despite a 0.74% decline in the last 24 hours, Dogecoin remains engaged in a fierce struggle, with the $0.08 level as a crucial battleground. Bullish attempts to breach this level have faced resistance from bears, but buyers have managed to hold their ground, indicating a favorable stance.</p> 
<p>The significance of this battle lies in the potential for a short-term trend change if Dogecoin manages to break above the $0.08 mark. Such a breakthrough could propel Dogecoin toward the $0.10 to $0.11 resistance zone, presenting an optimistic outlook for the cryptocurrency. However, a contrary scenario would unfold if Dogecoin’s price falls below the $0.07 support, discrediting the positive perspective and introducing challenges to the cryptocurrency’s recent momentum.</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/">What Dogecoin’s Achievement of Over Five Million Addresses Means for Investors</a></li>
 <li><a href="https://cryptonewsland.com/dogecoin-breaks-barriers-5-million-wallet-addresses-and-counting/">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/">Why a 1,097% Surge Could Be in Dogecoin’s Near Future</a></li>
 <li><a href="https://cryptonewsland.com/mxc-prices-may-skyrocket-to-new-highs-in-2023/">MXC Prices May Skyrocket to New Highs in 2023</a></li>
 <li><a href="https://cryptonewsland.com/experts-forecast-dogecoins-imminent-surge-to-1/">Expert’s Forecast: Dogecoin’s Imminent Surge to $1</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/dogecoin-skyrockets-with-890k-new-users-setting-all-time-highs/">Dogecoin Skyrockets with 890K New Users, Setting All-Time Highs</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Dogecoin Skyrockets with 890K New Users, Setting All-Time Highs

Crypto News Land

Other articles published on Feb 1, 2024

Exploring Bitcoin’s Price Movements and Future Predictions

This Bitcoin Buy-the-Dip Indicator With 100% Accuracy in 2023 Flashes New BTC Buy Signal

US Banking Crisis Might Be Here Again, Can Bitcoin (BTC) Save the Day?

Polygon Labs lays off 19% of its employees

Date Revealed: Binance Listed UniLend’s Product to Launch on Ethereum Mainnet on 12th Feb

Larry David admits losing ‘a lot’ in crypto, calls himself ‘idiot’ after FTX collapse

Join our free newsletter for daily crypto updates!