An increase in the number of daily active addresses and new addresses has been detected on the Dogecoin network. According to data from IntoTheBlock, as of January 29, there were 247,240 new DOGE addresses, which is an all-time high.
This past Tuesday, the price of DOGE increased to $0.8215.
Dogecoin has seen an increase in the number of new DOGE addresses.
According to statistics from the on-chain intelligence tracker known as IntoTheBlock, the number of new addresses on the DOGE network increased by 1,094% over the course of the previous week. On the 29th of January, a total of 247,240 new DOGE addresses were generated, which was a new record high for the cryptocurrency.
There is a good chance that Dogecoin will experience continuous network expansion. This has the potential to stimulate price increases in the meme coin.
The number of DOGE Active Addresses reached 393,060 on January 30 at the time of this writing, according to Santiment data, which shows that there was a 12% increase in Active Addresses overnight. It may be deduced from this growth that DOGE is becoming increasingly important among market participants and that there is a surge in demand for the asset among traders. The increased address activity supports the bullish thesis for the price of DOGE.
As of the time of this writing, the price of DOGE is $0.0821, and the price of the meme coin has not changed whatsoever over the course of the past week.
To know the latest crypto news and updates in realtime then please visit Cryptured.com. here you can find all the news updates related to crypto and Blockchain.