Dogecoin (Doge) Active Address Spike over 100,000 for the first time in 9 months

Dogecoin (Doge) Active Address Spike over 100,000 for the first time in 9 months
Dogecoin (Doge)-the OG-Memecoin-has increased by around 30 % since the beginning of the month. It acts over $ 0.09 and is currently increasing against the background of Elon Musk's tweet about his starting attempt for a spaceship.
But the initial thrust can be attributed to the abrupt change of the old blue bird logo on Twitter for a cut image of Dogecoin on his homepage at the beginning of this month, a movement that single-handedly a small price rally and pointed power traction.
- According to data from Bitinforcharts, the number of active addresses on Dogecoin has risen to a level that has not been reached since August 2022 and has increased over 100,000 this month.
- This year the network attracted over 47,000 users every day.
- In addition, the number of addresses stayed over 55,000 in the past month.
- Such a trend can indicate an increasing market share and an increasing interest in the blockchain network, which can ultimately lead to an increase in demand for the underlying crypto asset.
- The transaction fees also rose to a new level this week.
- In addition to a recovery on the broader cryptom market, Dogecoin almost doubled after it reached its low point in June 2022 at $ 0.049.
- After the controversial takeover of Twitter by Musk, many hoped that Doge would become the official payment token of the social media platform.
- While this still has to turn out, the Twitter boss briefly replaced the iconic Bluebird logo of the platform with Doge's official mascot, which a rally of almost 40 % triggered.
- Recently, Musk announced a reward of 1 million Doge for anyone who can find the existence of an emerald mine, of which many reports claim that it belongs to his family. This was also a significant lead over Memecoin.
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