Dogecoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/expanding-horizons-dogecoins-network-flourishes-with-new-user-influx" rel="noopener noreferrer nofollow">Expanding Horizons: Dogecoin’s Network Flourishes with New User Influx</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/dogecoin-whales-move-over-600-million-coins-amid-price-drop" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) network has experienced a significant increase in activity, with a surge of 890,000 new addresses in the span of a week. This growth is indicative of a rising interest in the meme-based cryptocurrency, which has been gaining popularity since its inception.</p>
<h2 id="adoption-rate-in-doge">Adoption Rate in DOGE</h2>
<p style="text-align: justify">The adoption rate among these new addresses is noteworthy, with 86% of them engaging in their first transactions. This metric, provided by IntoTheBlock, reflects the proportion of new participants in the network and suggests a robust influx of newcomers contributing to the overall activity.</p>
<p style="text-align: justify">The substantial increase in new Dogecoin addresses, highlighted by analyst Ali Martinez, represents an 1,100% jump from the previous week. This explosive growth is a clear sign of Dogecoin’s expanding footprint in the cryptocurrency landscape.</p>
<p style="text-align: justify">January 29 marked a milestone for Dogecoin with a record 247,240 new addresses created in a single day. This peak in address creation coincides with the introduction of the DRC-20 token standard, which has catalyzed network activity.</p>
<p style="text-align: justify">Despite a minor price dip to $0.078 in the last 24 hours, Dogecoin’s market position remains contentious. The price hovers near the critical $0.08 mark, with resistance from sellers and persistent buying interest, hinting at potential upward momentum or a pivotal trend shift.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/expanding-horizons-dogecoins-network-flourishes-with-new-user-influx" rel="noopener noreferrer nofollow">Expanding Horizons: Dogecoin’s Network Flourishes with New User Influx</a></h5>

Expanding Horizons: Dogecoin’s Network Flourishes with New User Influx

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