Dogecoin

<ul><li>Dogecoin&#39;s wallet growth surges despite a 23% price drop, highlighting its rising popularity amidst market volatility.</li><li>Tight Bollinger Bands signal potential high volatility for Dogecoin, with price swings expected to intensify soon.</li><li>Despite a bearish trend, optimistic predictions for Dogecoin suggest a potential $3 target, indicating a bullish sentiment among analysts.</li></ul>Dogecoin, the leading meme coin in the cryptocurrency market, has recently experienced a significant decline in value, plunging by 23% since its peak on December 9th. As highlighted by Santiment, an analytic platform, the number of Dogecoin wallets holding more than 0 DOGE coins has surged at an unprecedented rate in the network&#39;s history.Over the past two weeks, 413.8 thousand new wallets, mainly containing between 0.001 and 1 DOGE, have joined the network. This growth in wallet numbers contrasts sharply with Dogecoin&#39;s price trajectory, highlighting the cryptocurrency&#39;s increasing popularity even as its value struggles.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/32deb9f715ae44dfb8165b631e82c0b0.png" />Crypto analyst Ali Martinez has <a href="https://cryptotale.org/crypto-expert-predicts-significant-movement-in-dogecoin-due-to-bollinger-band-squeeze/" rel="noopener noreferrer nofollow">raised</a> concerns about Dogecoin&#39;s future price volatility, pointing out a significant tightening in the Bollinger Bands on Dogecoin&#39;s 4-hour chart, a phenomenon not seen since October 2023.Read full article at <a href="https://cryptotale.org/dogecoin-wallet-growth-surges-despite-23-price-dip-a-sign-of-rising-popularity/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Dogecoin Wallet Growth Surges Despite 23% Price Dip: A Sign of Rising Popularity?

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