On-Chain Data Shows Dogecoin User Engagement Spiking: 400%

Dogecoin's active addresses surged 400%, signaling heightened user engagement.

Capital inflows in late 2024 coincided with price increases, demonstrating the influence of market sentiment.

An RSI approaching oversold levels suggests a potential price reversal for DOGE.

Dogecoin (DOGE) is experiencing a remarkable surge in user activity, with on-chain data revealing a 400% increase in active addresses.

What's Driving the Surge in Active Addresses?

Santiment's data, as reported by crypto analyst Ali Charts, shows active addresses soaring to approximately 395,000—a 400% increase. This indicates a significant rise in network usage, potentially suggesting increased development activity. While the precise cause remains unclear, it reflects growing interest in Dogecoin despite recent price volatility.

How Has DOGE's Price Performed?

From late December 2024 to late February 2025, Dogecoin's price exhibited a downward trend with daily activity...

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