The most famous meme cryptocurrency, dogecoin (DOGE), could be heading for a bullish 2024 after experiencing an accelerated increase in the creation of new network addresses.
The data was revealed by the analysis firm Santiment, which detailed that a total of 413,800 addresses were created, mainly with balances between 0.001 and 1 DOGE, in the last two weeks.
This increase could be an indicator of growth for the price of the cryptocurrency, as new wallets may suggest greater participation and interest from investors, which can be interpreted as a bullish outlook in 2024. So I could relive the experience of the previous cycle, in which DOGE was one of the most outstanding.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The most famous meme cryptocurrency, dogecoin (DOGE), could be heading for a bullish 2024 after experiencing an accelerated increase in the creation of new network addresses.
The data was revealed by the analysis firm Santiment, which detailed that a total of 413,800 addresses were created, mainly with balances between 0.001 and 1 DOGE, in the last two weeks.
This increase could be an indicator of growth for the price of the cryptocurrency, as new wallets may suggest greater participation and interest from investors, which can be interpreted as a bullish outlook in 2024. So I could relive the experience of the previous cycle, in which DOGE was one of the most outstanding.