Dogecoin holders just surpassed 5 million addresses this week, a huge milestone for the meme cryptocurrency. According to data from on-chain analytics platform IntoTheBlock, Dogecoin addresses have been growing steadily since the beginning of the year. At the same time, DOGE is up by 43% from its October bottom of $0.056. 

However, this growth is still small when compared to other popular cryptocurrencies, as DOGE is still yet to reach $0.1 this year. This major growth in addresses could be the catalyst needed for Dogecoin to reach its next price target to push it to $0.1.

그러나 DOGE는 올해 아직 0.1달러에 도달하지 못했기 때문에 다른 인기 있는 암호화폐와 비교할 때 이러한 성장은 여전히 ​​작습니다. 주소의 이러한 큰 성장은 Dogecoin이 다음 가격 목표를 달성하여 $0.1로 끌어올리는 데 필요한 촉매제가 될 수 있습니다.

New Milestone For Dogecoin

Dogecoin의 새로운 이정표

The Dogecoin community is one of the most active in the crypto industry, and the meme token is currently in the 8th spot in terms of market cap. According to IntoTheBlock’s Total Addresses metric, the total number of addresses with a balance crossed over 5 million this week to reach a high of 5.11 million on November 27th. At the time of writing, this metric still stands at over 5 million with 5.1 million addresses.

The surge of new Dogecoin addresses is largely due to growing growing interest and adoption of the cryptocurrency. On the price action end of things, DOGE has increased by 9.00% in a 7-day timeframe as most cryptocurrencies start to turn a profit again after a few weeks of consolidation. 

새로운 Dogecoin 주소의 급증은 주로 암호화폐에 대한 관심 증가와 채택으로 인한 것입니다. 가격 조치 측면에서 DOGE는 대부분의 암호화폐가 몇 주 간의 통합 후에 다시 수익을 내기 시작하면서 7일 동안 9.00% 증가했습니다.

At the same time, IntoTheBlock’s large transaction metric which measures transactions with a value larger than $100,000 has been increasing, reaching a total of $2.08 billion in the past seven days.

동시에 10만 달러 이상의 거래를 측정하는 IntoTheBlock의 대규모 거래 지표는 증가해 지난 7일 동안 총 20억 8천만 달러에 이르렀습니다.

Balance Among Addresses

Despite the rise in addresses with a balance, the holding distribution shows that most of the tokens are concentrated in a few addresses. Around 4.48 million addresses representing 95.5% of the total addresses hold just 1.59% of the total circulating supply. On the other hand, just 700 addresses hold 81% of the total supply. 

There’s also been a surge in the number of daily transactions, with a 102.09% increase in the number of new addresses and an 89.70% increase in the number of active addresses. Notably, there were 221,330 active DOGE addresses on November 27th. According to IntoTheBlock, this is most likely driven by Dogecoin Doginals.

DOGE’s ascent to $0.1 this year seems bleak at the moment, as the crypto will have to go on another 25% increase from its current price in December. DOGE is currently trading around a prior resistance at the $0.081 level and has formed support just around the $0.071 level.  

올해 DOGE의 0.1달러 상승은 현재로서는 암울해 보입니다. 왜냐하면 암호화폐는 12월에 현재 가격보다 25% 더 인상되어야 하기 때문입니다. DOGE는 현재 $0.081 수준의 이전 저항 주위에서 거래되고 있으며 $0.071 수준 근처에서 지지를 형성했습니다.

A continued inflow into addresses could see DOGE break above the resistance, and continue its price surge. The next hurdle would be to break above $0.087 before getting to $0.1 for the first time this year.

주소로의 지속적인 유입은 DOGE가 저항선을 돌파하고 가격 급등을 계속할 수 있습니다. 다음 장애물은 올해 처음으로 0.1달러에 도달하기 전에 0.087달러를 돌파하는 것입니다.