Dogecoin

Read

View

<p class="is-style-lead">The number of dogecoin (<a href="https://crypto.news/price/dogecoin/">DOGE</a>) holders has constantly been rising since the start of 2023, but the price couldn’t hold to the crucial $0.07 mark with the recent bearish market sentiment.</p>



<p>Data provided by Blockchair shows that the number of DOGE addresses has <a href="https://blockchair.com/dogecoin" target="_blank" rel="noopener">surpassed</a> the 5 million mark, currently at 5,049,227 holders. The number of transactions on the Dogecoin network is also closing the gap to the 135 million mark.</p>



<p>Moreover, according to Blockchair, there have been 22.61 transactions on the Dogecoin network per second, on average, in the past 24 hours — a total of over 1.9 million trades.&nbsp;</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/whale-moves-over-1-4k-btc-for-first-time-in-10-years-amid-crypto-downturn/" class="cn-block-related-link__link">
            Whale moves over 1.4k BTC for first time in 10 years amid crypto downturn        </a>

    
</div>


<p>While this data suggests a notable rise to the network, DOGE’s price has been downward since the US Securities and Exchange Commission (SEC) took legal action against <a href="https://crypto.news/sec-accuses-binance-ceo-of-diverting-billions-in-customer-funds/">Binance</a> and <a href="https://crypto.news/brian-armstrong-ceo-of-coinbase-talks-about-sec-compliance/">Coinbase</a>.</p>



<p>Dogecoin is down by almost 1% in the past 24 hours and trading at $0.067 at the time of writing. The memecoin’s 24-hour trading volume has also dropped by 45% and currently sits at roughly $261 million.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="1138" height="606" src="https://crypto.news/app/uploads/2023/06/DOGE-price-June-8.png" alt="Dogecoin’s price falls despite a growing number of holders - 1" class="wp-image-14167110"><figcaption class="wp-element-caption">DOGE price &#8211; June 8 | Source: Trading View</figcaption></figure>



<p>Despite the price downturn, DOGE is still the eighth-largest crypto asset, with a total market cap of over $9.4 billion at the time of writing.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How The Dogecoin Millionaire LOST $3 MILLION" width="1020" height="574" src="https://www.youtube.com/embed/xbU6mVkokZE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>According to <a href="https://coinmarketcap.com/charts/" target="_blank" rel="noopener">data</a> provided by CoinMarketCap (CMC), the price slump comes as the global crypto market cap fell by around $35 billion over the past 24 hours — from $1.135 trillion to $1.1 trillion.</p>



<p>On May 31, dogecoin investors <a href="https://crypto.news/dogecoin-investors-strike-elon-musk-with-market-manipulation-lawsuit/">accused</a> the billionaire CEO of Twitter, Elon Musk, of manipulating the asset’s price. The DOGE holders added that Musk tried to profit while smaller investors were at a loss.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/secs-methods-in-treating-crypto-are-outdated-analyst-says/" class="cn-block-related-link__link">
            SEC’s methods in treating crypto are outdated, analyst says        </a>

    
</div>

Dogecoin’s price falls despite a growing number of holders

crypto.news

Inne artykuły opublikowane 8 cze 2023

Altcoins Plunge Over 20% as Binance CEO Receives US Court Summons

Bitcoin's Decade-Long Holders Trigger Market Stir with Surprising Movement

Mixed Reactions in Crypto: XRP, BNB, MATIC, ALGO, GENSLR Show Trending

OshiCoin: Set to Thrive Amid Bitcoin's Unpredicted Surge

Japanese Megabank Mitsubishi UFJ to Launch Stablecoin Issuance Platform in 2024

DogeCoin’s Price Declines Despite Increasing Holder Base

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!