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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. New Milestone For Dogecoin 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. Source: IntoTheBlock 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. 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. 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. Source: IntoTheBlock 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. 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. DOGE price falls below $0.08 | Source: DOGEUSD on Tradingview.com Featured image from Binance Academy, chart from Tradingview.com

Dogecoin Holders Cross 5 Million, Catalyst For Price To Reach $0.1?

Dogecoin now boasts five million addresses, indicating substantial adoption. Daily active addresses soared to 168,000, a peak since March 2022. Dogecoin sparks speculation of a potential surge to $1.5 in The post Dogecoin Boasts of 5M Addresses, 168,000 Daily Active Addresses, Indicating Massive Adoption appeared first on BitcoinWorld .

Dogecoin Boasts of 5M Addresses, 168,000 Daily Active Addresses, Indicating Massive Adoption

Dogecoin’s (DOGE) price showed high volatility throughout November, influenced by the latest news in the cryptocurrency market regarding a spot Bitcoin ETF and legal issues impacting Binance. Despite noticeable sharp price movements on the daily time-frame chart, these fluctuations didn’t establish a definitive trend, indicating that control wasn’t firmly in the hands of bulls or bears. The post Understanding Dogecoin’s Volatile Ride: Analysis and Key Levels to Watch appeared first on COINTURK NEWS.

Understanding Dogecoin’s Volatile Ride: Analysis and Key Levels to Watch

Shiba Inu and Dogecoin are volatile. However, analysts remain bullish. Everlodge continues to strengthen in the ongoing presale

Shiba Inu and Dogecoin prices volatile, Everlodge prices firm

The Dogecoin funded mission to launch DOGE-1, a cube satellite to the Moon through SpaceX just bagged the National Telecommunications… The post Dogecoin: SpaceX Doge-1 Mission Bags Crucial Approval in Readiness for Launch first appeared on The Crypto Basic .

Dogecoin: SpaceX Doge-1 Mission Bags Crucial Approval in Readiness for Launch

The post DOGE’s Price Can Double If It Breaks Through This Major Hurdle appeared first on Coinpedia Fintech News Cryptocurrency analyst and trader Ali, known on the X social media platform, recently shared insights on Dogecoin’s potential for reaching a new high at $0.14 per coin. Ali presented a Dogecoin chart along with his professional opinion on what the popular meme cryptocurrency needs to achieve this milestone. Dogecoin May Double Its Price, Analyst Says …

DOGE’s Price Can Double If It Breaks Through This Major Hurdle

As the majority of assets in the cryptocurrency sector are back to trading in the green, Dogecoin (DOGE) is facing … Continued The post DOGE could ‘double its price’ if it overcomes this major hurdle appeared first on Finbold .

DOGE could ‘double its price’ if it overcomes this major hurdle

An analyst has explained how Dogecoin breaking the $0.087 barrier could open the path to DOGE price levels nearly double the recent ones. Dogecoin Has Three Important Lines Converging At $0.087 Right Now In a new post on X, analyst Ali has discussed what the weekly chart of DOGE is looking like right now in terms of some important historical lines. In particular, the levels of interest here are the 100-week EMA, 200-week EMA, and 0.786 Fibonacci. A “moving average” (MA) refers to an analytical tool that calculates the mean of any given quantity over a specific period of time, and as its name implies, it moves in time and changes its value as the quantity fluctuates. Related Reading: Bitcoin Bull Run Is Only Just Starting, According To This Metric This basic tool is quite useful as it smooths out the curve by removing local fluctuations, making a study of long-term trends easier to perform. In the context of the current topic, though, a normal MA isn’t of focus, but rather a modified form called the exponential moving average (EMA). The EMA works like the usual MA, except it places a greater weight on the most recent readings of the quantity. What this means is that the older the reading, the less weightage it has in the metric, so the line’s changes reflect the latest price direction more strongly. Now, here is a chart that shows the trend in the 100-week and 200-week EMAs for Dogecoin, as well as the weekly price curve of the meme coin: Looks like the asset's weekly value has been interacting with these lines recently | Source: @ali_charts on X As is visible from the above graph, these two Dogecoin EMAs have approached each other recently and have converged into a narrow range around the $0.087 level. In the past, these two EMAs of the cryptocurrency have posed resistance to the price and it appears that the weekly chart of Dogecoin has been struggling with them again, as it has been finding rejection here during the past three weeks. These two lines aren’t the only ones converging near $0.087, however; it would appear that the 0.786 Fibonacci level is doing the same. The Fibonacci levels listed in the chart are some ratios derived from the famous Fibonacci series. In this series, dividing any number (except for the first few) by its succeeding number always gives a ratio of about 0.618. The square root of this number is 0.786, which is the level the analyst has marked here. Related Reading: XRP, BNB Among Altcoins Losing Correlation With Bitcoin: Data Dogecoin thus has a major wall at $0.087, made up of the convergence of all these historically significant lines. “Breaking past this barrier could open the gates for DOGE to nearly double its price, aiming for a target of $0.14,” explains the analyst. DOGE Price Dogecoin has observed a surge back above the $0.080 mark during the past day, as the below chart shows. It now remains to be seen if the coin will go on to retest this $0.087 level that might be so crucial for the coin. DOGE has registered some rise in the last 24 hours | Source: DOGEUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com

Dogecoin To Double Its Price If This Barrier Breaks, Analyst Predicts

The post The Cryptocurrency Wave: A Contender for 100x Growth Shaking Up Ethereum (ETH) Enthusiasts appeared first on Coinpedia Fintech News TLDR Ethereum (ETH) Spot ETFs could hit the market soon following a formal application by BlackRock. Analysts now say ETH could rally after it reached $2000 in the past few days. Rebel Satoshi ($RBLZ) is gradually outshining Shiba Inu and Dogecoin after it revealed its groundbreaking meme coin ecosystem. BlackRock has applied for a spot …

The Cryptocurrency Wave: A Contender for 100x Growth Shaking Up Ethereum (ETH) Enthusiasts

Buying cryptocurrencies has become mainstream thanks to the potential for remarkable gains. Among the countless choices, specific tokens are potential game-changers for traders. The post ChatGPT’s Top Picks For Big Gains Before 2023 Ends: Tron (TRX), Dogecoin (DOGE), Everlodge (ELDG) appeared first on COINTURK NEWS.

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