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<ul> 
 <li>Dogecoin experiences rapid network growth, adding 890,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/">000</a> addresses in seven days, showcasing an 86% new adoption rate.</li> 
 <li>Analyst Ali reports an impressive 1,100% surge in Dogecoin network growth, reaching 247,240 new addresses on January 29.</li> 
 <li>Dogecoin faces a pivotal moment near $0.08, with a potential trend change above and bullish prospects.</li> 
</ul> 
<p>Dogecoin (DOGE) has witnessed an extraordinary surge, adding 890,000 new addresses within seven days. This surge is accompanied by an impressive 86% new adoption rate, signifying the increasing participation of users completing their initial transactions.</p> 
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   <p lang="en" dir="ltr">Over 890.000 new Dogecoin addresses were created in the past 7 days. Activity also spiked, with the new adoption rate reaching as high as 86% as the new users made their first transactions.<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/sVl5CEGkou">https://t.co/sVl5CEGkou</a> <a href="https://t.co/0LxATAEGaO">pic.twitter.com/0LxATAEGaO</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1753032406242644163?ref_src=twsrc%5Etfw">February 1, 2024</a>
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<p>Crypto analyst Ali has recently observed a remarkable growth spurt in the Dogecoin network. The surge amounts to an astounding 1,100% increase over the previous week, with a record-breaking 247,240 new DOGE addresses created on January 29, marking an all-time high. This surge in network activity is attributed to the introduction of the DRC-20 token standard in the past year,</p> 
<p>As the network undergoes this surge, the battle between bulls and bears near the $0.08 mark intensifies. Despite a 0.74% decline in the last 24 hours, Dogecoin remains engaged in a fierce struggle, with the $0.08 level as a crucial battleground. Bullish attempts to breach this level have faced resistance from bears, but buyers have managed to hold their ground, indicating a favorable stance.</p> 
<p>The significance of this battle lies in the potential for a short-term trend change if Dogecoin manages to break above the $0.08 mark. Such a breakthrough could propel Dogecoin toward the $0.10 to $0.11 resistance zone, presenting an optimistic outlook for the cryptocurrency. However, a contrary scenario would unfold if Dogecoin’s price falls below the $0.07 support, discrediting the positive perspective and introducing challenges to the cryptocurrency’s recent momentum.</p> 
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 <li><a href="https://cryptonewsland.com/dogecoin-breaks-barriers-5-million-wallet-addresses-and-counting/">Dogecoin Breaks Barriers: 5 Million Wallet Addresses and Counting</a></li>
 <li><a href="https://cryptonewsland.com/why-a-1097-surge-could-be-in-dogecoins-near-future/">Why a 1,097% Surge Could Be in Dogecoin’s Near Future</a></li>
 <li><a href="https://cryptonewsland.com/mxc-prices-may-skyrocket-to-new-highs-in-2023/">MXC Prices May Skyrocket to New Highs in 2023</a></li>
 <li><a href="https://cryptonewsland.com/experts-forecast-dogecoins-imminent-surge-to-1/">Expert’s Forecast: Dogecoin’s Imminent Surge to $1</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/dogecoin-skyrockets-with-890k-new-users-setting-all-time-highs/">Dogecoin Skyrockets with 890K New Users, Setting All-Time Highs</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Dogecoin Skyrockets with 890K New Users, Setting All-Time Highs

Crypto News Land

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