Dogecoin Large Transaction Volume Explodes 41%, Daily Addresses Spike 35%, Catalyst For Surge To $1? 🐕
Dogecoin (DOGE), the largest meme coin, has recently seen a significant increase in activity. Large transaction volume is up 41%, and daily active addresses have increased by 35%. This indicates a surge in interest from large-scale investors or 'whales' who might push Dogecoin's price toward the $1 mark.
According to IntoTheBlock, Dogecoin recorded a large transaction volume spike to $23.35 billion, reflecting heightened market engagement. The increase among daily active addresses suggests broader adoption and activity within the Dogecoin network, indicating potential network growth.
While Dogecoin price dipped over 2% to $0.33 recently, bullish sentiment persists due to large-scale activities. The meme coin's relevance remains intact despite market volatility. Though optimistic, reaching $1 will likely require external catalysts and stable market conditions, as experts like Trader Tardigrade predict.
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