The popularity of Dogecoin (DOGE), a cryptocurrency born out of an internet meme, is experiencing a resurgence, marking significant growth two years after the onset of the COVID-19 pandemic. Recent data from on-chain analytics firm IntoTheBlock reveals that the number of cryptocurrency addresses holding DOGE has surpassed the 5 million mark for the first time.

인터넷 밈에서 탄생한 암호화폐인 도지코인(DOGE)의 인기가 다시 부활하고 있으며, 코로나19 팬데믹이 발생한 지 2년 만에 큰 폭의 성장을 보이고 있습니다. 온체인 분석 회사인 IntoTheBlock의 최근 데이터에 따르면 DOGE를 보유하고 있는 암호화폐 주소 수가 처음으로 500만 개를 넘어섰습니다.

Dogecoin hits a new active wallets milestone

In conjunction with this milestone, the DOGE network has witnessed a notable increase in active addresses, exceeding 168,000 and reaching levels not seen since March 2022. Additionally, the Dogecoin blockchain has experienced a substantial spike in confirmed transactions, reaching the highest point since June. Impressively, the transaction count has surged by an astonishing 1,000% in the past 10 days. However, amid these positive indicators, concerns persist regarding the concentration of ownership within the DOGE market.

BitInfoCharts reports that fewer than 5,000 addresses control over 80% of DOGE’s total supply. This concentration implies that a relatively small number of traders wield considerable influence over the cryptocurrency’s price dynamics. Despite these ownership disparities, DOGE’s market capitalization has seen a 14% increase, reaching nearly $11 billion over the month. The origins of Dogecoin’s rise to prominence can be traced back to early 2021 when Tesla CEO Elon Musk’s tweets featuring DOGE-related memes garnered widespread attention.

BitInfoCharts는 5,000개 미만의 주소가 DOGE 전체 공급량의 80% 이상을 제어한다고 보고합니다. 이러한 집중은 비교적 소수의 거래자가 암호화폐의 가격 역학에 상당한 영향력을 행사한다는 것을 의미합니다. 이러한 소유권 격차에도 불구하고 DOGE의 시가총액은 14% 증가하여 한 달 동안 거의 110억 달러에 달했습니다. Dogecoin이 유명해지기 시작한 기원은 DOGE 관련 밈이 포함된 Tesla CEO Elon Musk의 트윗이 광범위한 관심을 끌었던 2021년 초로 거슬러 올라갑니다.

Musk’s influence played a pivotal role in the cryptocurrency’s notoriety and even inspired the creation of other dog-themed tokens like Shiba Inu. The broader surge of joke cryptocurrencies during this period can be attributed to a confluence of factors, including the lockdown measures prompted by the pandemic, government stimulus checks, and unprecedented monetary easing by central banks, fostering a climate of increased risk-taking in financial markets.

Challenges in ownership concentration

소유권 집중의 과제

As DOGE continues to capture the interest of a growing number of cryptocurrency enthusiasts, the current statistics reflect a significant uptick in adoption and usage. The positive correlation between increased adoption and a cryptocurrency’s market value is evident in DOGE’s market capitalization, which has seen substantial growth in recent weeks. While the surge in addresses and transactions paints a picture of growing popularity, the concentration of ownership remains a key concern for the DOGE community.

The fact that a relatively small number of addresses hold a substantial portion of the total supply raises questions about the potential for market manipulation and the influence of a select group of traders on DOGE’s price movements. Despite these challenges, DOGE’s resilience and enduring popularity suggest that the cryptocurrency has carved out a niche for itself in the broader digital asset landscape. The recent market capitalization increase is indicative of a positive trend, but stakeholders and investors will likely continue to monitor the distribution of ownership.

This will help them to assess the overall health and stability of Dogecoin’s market. Dogecoin’s journey from a meme-inspired cryptocurrency to a significant player in the digital asset space highlights the dynamic nature of the crypto market. The ongoing growth in adoption and transaction activity, coupled with concerns about ownership concentration, underscores the need for vigilance and thoughtful analysis as DOGE continues to navigate the evolving landscape of the cryptocurrency ecosystem.

이는 Dogecoin 시장의 전반적인 건전성과 안정성을 평가하는 데 도움이 될 것입니다. 밈에서 영감을 받은 암호화폐에서 디지털 자산 분야의 주요 플레이어로 거듭난 Dogecoin의 여정은 암호화폐 시장의 역동적인 특성을 강조합니다. 채택 및 거래 활동의 지속적인 증가와 소유권 집중에 대한 우려는 DOGE가 암호화폐 생태계의 진화하는 환경을 계속 탐색함에 따라 경계심과 사려 깊은 분석의 필요성을 강조합니다.