• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Dogecoin

Dogecoin Holder Base Reaches New Record Amid Surge In Interest

n70products by n70products
March 28, 2024
in Dogecoin
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Dogecoin has soared towards a brand new report in a single notable metric as curiosity in the meme coin continues to surge. This time round, the holder base of the cryptocurrency has reached a brand new all-time excessive, signaling speedy adoption amongst crypto traders.

Dogecoin Holders Cross 6.9 Million

The month of March has include glad tidings for Dogecoin. Not solely has the meme coin’s value risen tremendously this month, its holder base has additionally seen a whole lot of progress. This month, the entire DOGE holder base crossed 6.9 million for the very first time, setting a brand new report. Nonetheless, the meme coin isn’t anyplace close to finished because the quantity continues to rise.

In keeping with data from the Coincarp web site, the variety of Dogecoin holders on the mainnet has reached 6,932,763 as of March 28. Given the expansion price of the variety of holders during the last month, the quantity may cross 7 million earlier than the month of March is over.

This new report is a testomony to the adoption that DOGE has witnessed over the previous couple of months. Regardless of opponents similar to BONK, PEPE, and WIF springing out of the woodwork, in addition to its fiercest rival, Shiba Inu, persevering with to place up a struggle, Dogecoin has dominated because the main meme coin.

To place this progress in perspective, the DOGE holder base began out the yr 2024 with round 6.06 million holders. Three months later, it’s greater than 6.9 million, which means that the holder base grew greater than 14% throughout this time.

DOGE Outlook Continues To Be Bullish

Along with the speedy rise in Dogecoin holders, there was a notable uptick in other metrics, such as daily transaction counts, whale transactions, and age consumed. These level to an increase in bullish sentiment amongst traders who count on the worth to maintain going up.

The age consumed is especially necessary right here because it reveals that extra traders are selecting to hold their DOGE tokens for the long term. This has considerably decreased the promoting strain on the meme coin, permitting it to rally at a time when many of the crypto market stays suppressed.

One other metric that has proven a major enhance is the each day transaction quantity which is up virtually 50% within the final day. This uptick reveals extra curiosity in buying and selling Dogecoin and with its price surging within the final day, it suggests that almost all of this quantity is skewed towards shopping for moderately than promoting.

The DOGE price is at the moment reflecting this surge in curiosity as its value is up virtually 10% within the final day. Nonetheless, the bears proceed to keep up resistance round $0.2, forcing the meme coin again downward.

Dogecoin price chart from Tradingview.com

DOGE value at $0.2 | Supply: DOGEUSDT on Tradingview.com

Featured picture from Capital.com, chart from Tradingview.com

Disclaimer: The article is supplied for instructional functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your individual analysis earlier than making any funding choices. Use data supplied on this web site solely at your individual danger.



Source link

Tags: BaseDogecoinHolderInterestReachesRecordSurge
Previous Post

Private cloud use cases: 6 ways private cloud brings value to enterprise business

Next Post

House GOP Pressures SEC To Clarify Ethereum’s Security Designation For Prometheum’s Custody

Next Post

House GOP Pressures SEC To Clarify Ethereum's Security Designation For Prometheum's Custody

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

US Authorities Attempting To Access Imprisoned Binance Employee in Nigeria: Report

US Authorities Attempting To Access Imprisoned Binance Employee in Nigeria: Report

September 9, 2024
Bitcoin Realized Volatility Near Historic Lows — What This Means For Price

Altseason Dead On Arrival? Data Shows Bitcoin Outperforming All Categories 

April 7, 2025
FDIC Unseals 175 Documents Exposing US Banks Debanking of Crypto Firms

FDIC Unseals 175 Documents Exposing US Banks Debanking of Crypto Firms

February 6, 2025

Recents

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

June 1, 2025
XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

June 1, 2025
Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version