Price: $0.19467 -0.3742%
Market Cap: 28.56B 1.1304%
Volume (24h): 4.33B 0.2%
Dominance: 1.1304%
Price: $0.19467 -0.3742%
Market Cap: 28.56B 1.1304%
Volume (24h): 4.33B 0.2%
Dominance: 1.1304% 1.1304%
  • Price: $0.19467 -0.3742%
  • Market Cap: 28.56B 1.1304%
  • Volume (24h): 4.33B 0.2%
  • Dominance: 1.1304% 1.1304%
  • Price: $0.19467 -0.3742%
Home > Information news > Dogecoin targets $0.1 as addresses grow 1,100% in a week

Dogecoin targets $0.1 as addresses grow 1,100% in a week

Release: 2024/01/30 20:03 Reading: 743

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/65b8ded290d6a332656a35f5

As optimism returns to the cryptocurrency sector, Dogecoin (DOGE) is recovering as well, with the famous dog-themed meme crypto recording not just increases in price but also a staggering growth in terms of the number of new addressed added to the network.

Indeed, the Dogecoin network has recorded an increase of 1,100% over the past week, with January 29 witnessing a record-breaking addition of 247,240 new DOGE addresses, marking an all-time high (ATH), as noted by crypto trading expert Ali Martinez in an X post on January 30.

According to Martinez, a “sustained uptrend in network expansion could soon reflect positively on DOGE prices,” which means the 10th-largest asset in the crypto market could finally break the coveted $0.1 price mark, as it is currently trading around the $0.08 price range.

Meanwhile, Dogecoin has managed to make a couple of people rich during 2023, increasing the number of addresses holding over $1 million worth of DOGE to 718 at the end of the year, with 107 of them possessing more than $10 million worth of the asset, as Finbold reported in December.

Dogecoin price analysis

Cryptocurrency

DOGE could go this high if it gains 1% of total crypto market cap

Cryptocurrency

Dogecoin price prediction; Can DOGE flip Avalanche?

Cryptocurrency

Grok AI predicts DOGE price for the end of 2024

Cryptocurrency

DOGE prints first-ever MACD golden cross; Bull run imminent?

Cryptocurrency

Google Bard identifies when Dogecoin (DOGE) will likely hit $1

As things stand, the current price of DOGE is $0.081, recording an increase of 0.93% in the last 24 hours and gaining 5.55% across the previous seven days, as it moves to offset the decline of 10.43% on its monthly chart, according to the most recent data retrieved on January 30.

All things considered, the recent impressive growth of its network could help Dogecoin surpass the critical price level of $0.1 and possibly even overtake Avalanche (AVAX) as the ninth-largest crypto by market capitalization, provided it manages to sustain growth.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

Source: https://thebittimes.com/dogecoin-targets-0-1-as-addresses-grow-1-100-in-a-week-tbt78210.html

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.