Dogecoin

Despite the price of Dogecoin (<a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a>) dropping in the last three months and another meme-inspired <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a>, Pepe (<a href="https://finbold.com/jokes-aside-pepe-surges-120-to-become-worlds-3rd-largest-meme-coin/" rel="noopener noreferrer nofollow">PEPE</a>), <a href="https://twitter.com/3orovik/status/1653191338945290243" rel="noopener noreferrer nofollow">overtaking</a> it in 24-hour <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">trading</a> volume during the previous day, the number of its holders has continued to grow, increasing close to 8% over the past 90 days.As it happens, there were a total of 4,824,266 unique addresses holding <a href="https://finbold.com/guide/buy-dogecoin-with-paypal/" rel="noopener noreferrer nofollow">Dogecoin</a> in the network at press time, as opposed to 4,484,703 on February 2, 2023, according to the <a href="https://coinmarketcap.com/currencies/dogecoin/holders/" rel="noopener noreferrer nofollow">data</a> that Finbold retrieved from the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> market monitoring platform <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> on May 2.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d4a171a6e04944cab3ad9b091f95700d.png" />Dogecoin holders over last 3 months. Source: <a href="https://coinmarketcap.com/currencies/dogecoin/holders/" rel="noopener noreferrer nofollow">CoinMarketCap</a>In other words, DOGE has gained 339,563 new holders in three months, which is an increase of 7.57% during this period, despite some setbacks for its price, which has seen it decline 15% in the last 90 days, dropping from $0.09215 on February 2 to $0.07832 at press time.<h2 id="header-0">Dogecoin price analysis</h2>Specifically, Dogecoin’s current price also demonstrates a decrease of 0.66% on the day, 0.63% across the previous week, 4.25% in the last month, as well as 2.71% over the past 60 days. Since the year’s turn, however, the meme digital asset has increased by 11.42% compared to its price of $0.07029 on January 1, 2023, as per the most recent chart data retrieved by Finbold on May 2.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/073ddda7684f4113a7d85b3da44a76a3.png" />Dogecoin 3-month price chart. Source: <a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">Finbold</a>As it happens, DOGE is currently facing tough competition as new meme digital coins enter the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto landscape</a>, and the likes of Pepe (PEPE), Floki (<a href="https://finbold.com/cryptocurrency/floki/" rel="noopener noreferrer nofollow">FLOKI</a>), Tamadoge (<a href="https://finbold.com/cryptocurrency/tamadoge/" rel="noopener noreferrer nofollow">TAMA</a>), Baby Doge Coin (<a href="https://finbold.com/cryptocurrency/baby-doge-coin/" rel="noopener noreferrer nofollow">BABYDOGE</a>), and Dogelon Mars (<a href="https://finbold.com/cryptocurrency/dogelon-mars/" rel="noopener noreferrer nofollow">ELON</a>), threaten to overshadow both Dogecoin and Shiba Inu (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>) with their possibly <a href="https://finbold.com/the-next-shib-5-meme-coins-with-potential-for-massive-growth-in-2023/" rel="noopener noreferrer nofollow">massive growth in 2023</a>.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

DOGE adds 340k new holders in 3 months as investors flock to load their bags

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