Cryptocurrency

Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-network-growth-continues-with-surge-in-new-addresses/" data-wpel-link="internal">Dogecoin Network Growth Continues with Surge in New Addresses</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/what-is-iota-miota/" data-wpel-link="internal">Cryptocurrency</a></strong> market’s popular meme token Dogecoin (DOGE) continues its network growth with an addition of 890,000 new addresses in just a few days. According to IntoTheBlock, more than 890,000 new <strong>Dogecoin</strong> addresses were created in the last seven days.</p> 
<h2 id="adoption-rate-in-doge">Adoption Rate in DOGE</h2> 
<p style="text-align: justify">As new users complete their first transactions, the new adoption rate has reached 86%. IntoTheBlock’s new adoption rate statistic calculates the ratio of new addresses making their first transactions among all active addresses on a given day. Reflecting the adoption rate of new users, it can provide information about the total activity rate attributed to newcomers.</p> 
<p style="text-align: justify">This indicator can provide information about the growth of the network in terms of new user adoption. A higher percentage, as in the case of Dogecoin, could mean a network growing with the adoption of more new users. Earlier this week, cryptocurrency analyst Ali Martinez reported a striking explosion in the growth of the Dogecoin network, with new addresses showing an astonishing increase of 1,100% compared to the previous week.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-310102 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/doge.jpg" alt="" width="1330" height="593"></p> 
<h2 id="doge-address-count-reaches-peak">DOGE Address Count Reaches Peak</h2> 
<p style="text-align: justify">On January 29, a record-breaking 247,240 new DOGE addresses were created, reaching an all-time high. The emergence of the DRC-20 <strong>token</strong> standard last year led to a significant increase in Dogecoin network activity. As of the writing of this article, the DOGE price has fallen by 0.74% in the last 24 hours to $0.078. Dogecoin is entering a fierce battle between bulls and bears near the $0.08 threshold.</p> 
<p style="text-align: justify">Bears have frequently rejected attempts to rise above this level, but buyers have not given up much ground, which could be a positive sign. This could be a very important level to watch as a breakout above it could indicate a short-term trend change. <strong>Dogecoin</strong> could climb to the $0.10 to $0.11 resistance zone. If the Dogecoin price falls below the $0.07 support, this optimistic outlook could become invalid.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/dogecoin-network-growth-continues-with-surge-in-new-addresses/" data-wpel-link="internal">Dogecoin Network Growth Continues with Surge in New Addresses</a></h5>

Dogecoin Network Growth Continues with Surge in New Addresses

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