Dogecoin

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Dogecoin’s active addresses reached a new all-time high of 9.52 million.</strong></li> 
 <li><strong>Despite increased network activity, DOGE’s trading volume has dropped.</strong></li> 
 <li><strong>Technical indicators suggest that DOGE may face difficulty rising toward $1 and could decline to $0.42.</strong></li> 
</ul> 
<p>Dogecoin (DOGE) has seen a surge in network activity, with active addresses hitting an all-time high. Over the last 30 days, DOGE’s price increased by 107%, prompting speculation about its potential to reach the elusive $1 mark.</p> 
<p>While the possibility exists, on-chain metrics suggest that achieving this milestone might take longer than anticipated.</p> 
<h2 class="wp-block-heading" id="h-dogecoin-active-wallets-reach-record-high">Dogecoin Active Wallets Reach Record High</h2> 
<p>According to data from Santiment, the number of active addresses on the Dogecoin network was under 1 million on October 31. As of now, this figure has skyrocketed, reaching a record-breaking 9.52 million active addresses.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeR6BeOPdHimlOyHttsgYOkn1hOtshVTgMLZg-1hdoipKS3pG8lZ3ICtRxHsKKFYfl3cuP5eBjwCDPH1IWyq3Z_6dcyNLbJl-JOfKEFbWCLjBGROyvgzC7a7HeYlRMwT5-kh0b5Tw?key=-mA1wpjvp3VRwnWHtUxbozMZ" alt="">
 </figure>
</div> 
<p>Active address counts are an important metric for assessing user engagement and blockchain activity. A rise in active addresses indicates a growing number of users interacting with the network, which is often a sign of increasing adoption and interest in the cryptocurrency. Conversely, a drop in acti…</p>
<p>The post <a href="https://coinedition.com/active-dogecoin-wallets-hit-9-5-million-a-step-toward-mainstream-use/">Active Dogecoin Wallets Hit 9.5 Million: A Step Toward Mainstream Use?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Active Dogecoin Wallets Hit 9.5 Million: A Step Toward Mainstream Use?

Table of Contents

Coin Edition

Other articles published on Dec 9, 2024

Can Kaspa (KAS) Price Still Spike to $5 This Cycle?

Bitcoin Crashes After Historic High, Markets Shaken

Amazon Pressured to Add Bitcoin to Its Treasury: What’s Next?

Experts Compare DTX Exchange to Top 20 Cryptos Like Cardano and Polkadot, Can It Hit $2 Billion M...

‘Potential top’ for Bitcoin as long-term holders sell 828K BTC in 30 days

Justin Sun Drops $6.2M on Controversial Banana Art, Calls It a "Cultural Phenomenon"

Join our free newsletter for daily crypto updates!