Dogecoin (DOGE) Hits 90 Million Address Milestone: Details

Dogecoin (DOGE) Total Addresses Surpass 90 Million Milestone

According to IntoTheBlock data, Dogecoin (DOGE) has reached a significant milestone with its total addresses surpassing 90 million. This figure represents the number of unique addresses that have ever held DOGE. Currently, the total number of DOGE addresses stands at 90.34 million.

Total Addresses vs. Addresses with Balance

It's important to distinguish between total addresses and total addresses with a balance (holders). The latter refers to addresses that currently hold DOGE. While multiple addresses may belong to a single individual, centralized exchanges may hold funds in a single address, contributing to the total address count.

Dogecoin's Address Growth

Dogecoin's total addresses with a balance have seen steady growth since the beginning of 2024, indicating increasing interest in holding and investing in DOGE. As of now, 6.5 million addresses hold DOGE, while 83.84 million represent zero-balance addresses that previously held the cryptocurrency.

Dogecoin Price Analysis

Over the past 24 hours, DOGE has experienced a modest increase of 0.52%, reaching $0.124. In the last seven days, it has gained 1.11%.

Dogecoin recently broke below the daily SMA 200 at $0.128 and has been trading within a range below this level. To signal a potential recovery, bulls need to push the price above the SMA 200. Success in this effort could pave the way for DOGE to challenge the daily SMA 50 at $0.15 and break out of its current trading range. Failure to regain this level may prolong the range-bound action between $0.12 and $0.18.

Should the decline continue and DOGE falls significantly below $0.12, bears may gain the upper hand. This could lead to a further drop towards $0.10, where bulls will attempt to prevent further losses.