2024

Dogecoin

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Historically, Dogecoin (DOGE) might be a meme coin, but over the years, it has grown to become a formidable crypto project with impressive network statistics to show for it. In a promising turn of events, the digital currency has hit a new major milestone in new address count. Data from IntoTheBlock as&nbsp;<a href="https://twitter.com/ali_charts/status/1752256455762194482?s=20">shared</a> by Ali Martinez pegs the growth rate of these new addresses at 1,100%, with a potential positive upside in the price of the coin in the foreseeable future.
According to the data shared, the 1,100% growth added spanned the period of a week up to Jan. 29. On Jan. 29 alone, the total addresses created on the Dogecoin network came in at approximately 247,240, the highest spike on record. The second-highest event on record came in around Dec. 16, 2013, in which a total of 163,040 wallets were created overall.
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 The <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> network is witnessing a remarkable surge in growth, with new addresses increasing by a staggering 1,100% over the past week! On January 29 alone, a record-breaking 247,240 new <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> addresses were created, marking an all-time high. A sustained uptrend in network… <a href="https://t.co/7tNAPzJaP2">pic.twitter.com/7tNAPzJaP2</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1752256455762194482?ref_src=twsrc%5Etfw">January 30, 2024</a>
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This spike shows&nbsp;<a href="https://u.today/dogecoin-army-ready-to-use-doge-on-x-survey">something good might be brewing</a> on the Dogecoin network, and this is further underscored by other key network trends with a bullish twist. One of these is the whale, or large, transactions that are up by 62.27% to $680.54 million in volume overnight.
<h2 id="positive-setup-for-doge-to-clean-zero">Positive setup for DOGE to clean zero</h2>
Dogecoin has been on the frontlines in recent times and a major beneficiary of both the good and bad times in the crypto space since the start of a new price rally. At the time of writing, the DOGE price is up 0.9% to $0.08116, bringing its total gains for the month to 4.83%.
While Dogecoin has hovered around two major extremes over the past year, including the $0.05747 and $0.1058 levels, the sole aim now remains for the coin to clear one zero to retest $0.1. With the massive influx of new users, <a href="https://u.today/dogecoin-doge-shows-epic-dominance-in-this-network-metric">total transaction counts</a>, actions of whales and ambitious community projects, achieving this feat appears likely if the&nbsp;<a href="https://u.today/dogecoin-doge-defies-downtrend-in-epic-plot-twist">current price trend is sustained</a>.

Dogecoin New Addresses Soar 1,100%, Will DOGE Price Erase One Zero?

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