Dogecoin $DOGE Surges 72% After Active Addresses Hit 90 Million

Dogecoin: Rising Demand and Milestones

Active Addresses Increase by 72%

Blockchain analytics firm Santiment reports a surge in Dogecoin's active addresses to 84,306, the highest in six months. Expert Ali Martinez highlights the significance of 19,600 new addresses created in one day, contributing to the 72% weekly increase. The influx of new wallets indicates renewed interest in the token.

Dogecoin Whales Accumulate

In late September, large Dogecoin holders (known as whales) purchased over 1.4 billion coins worth $140 million. This accumulation suggests that institutional investors and retail traders are embracing Dogecoin as a potential investment.

90 Million Wallets Milestone

Dogecoin achieved a significant milestone: surpassing 90 million wallets holding the currency. While this number may not reflect the exact number of users due to multiple wallets and exchange wallets, it represents a major step forward for the meme coin.

Dogecoin's Future

With increased active addresses and whale accumulation, speculation arises about Dogecoin's future. The influx of new participants may indicate anticipation for further network advancements. However, the cryptocurrency's volatility remains a factor to consider.

Innovation and adoption, as demonstrated by Bitcoin and Ethereum, will be essential for Dogecoin's continued growth. The recent surge in activity and the breaking of the 90 million wallet barrier suggest renewed investor interest in the token. As new buyers enter the market and whales make substantial purchases, Dogecoin demonstrates its potential to transcend its meme status and emerge as a viable cryptocurrency for the future.