Dogecoin’s 2020 Pattern Reemerges: What It Means for DOGE’s Next Move

The Dogecoin Community's Renewed Confidence

The Dogecoin (DOGE) community has witnessed a surge in its active addresses, reaching an impressive 764,840 over the past month. This increase suggests a growing interest and engagement within the community.

Moreover, the Market Value to Realized Value (MVRV) ratio has shown improvement, signaling that long-term holders are regaining their confidence in DOGE's price potential. This positive sentiment is evident in the token's steady bullish trend over the past three weeks.