Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically
Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the biggest meme crypto, on-chain data points to the crypto losing steam among whale investors. According to data from IntoTheBlock, the number of Dogecoin transactions valued at $100,000 or more has declined sharply over the past few months. Data also shows that the number of daily transactions has been on a steady decline since May. Related Reading: Here’s How Sam Bankman-Fried Allegedly Used Customer Funds On Alameda Research Dogecoin Whale....
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Dogecoin has witnessed a massive spike in its active addresses, providing a bullish outlook for the foremost meme coin. Based on this development, the DOGE price could also witness a bullish reversal soon enough as it reclaims key support levels. Dogecoin Records 47% Spike In Active Addresses In an X post, crypto analyst Ali Martinez […]
Bitcoin daily active addresses are on the rise. This has followed the uptick in price after the market crash. As time has gone on and the price has been down for a while, investors are taking this to be a time where they can stock up on the digital asset for cheap. This has led to a high number of daily addresses, and this has continued, indicating that there are bigger things to come. 1 Million Active Addresses In Three Days On-chain analysis firm Santiment recently published a report detailing the number of bitcoin daily active addresses. This number had seen a significant uptick this....
On-chain data shows the Bitcoin network is currently noting an uptick in Daily Active Addresses. Here’s what this could mean for BTC’s price. Bitcoin Active Addresses Just Crossed The 800,000 Mark In a new post on X, the market intelligence platform IntoTheBlock has discussed about the latest trend in the Daily Active Addresses of Bitcoin. The “Daily Active Addresses” here is an on-chain indicator that keeps track of the total number of BTC addresses that are becoming involved in some kind of transaction activity on the network every day. When the value of this....
In the past month, there have been more daily active addresses on the NEAR Protocol than in Ethereum and its layer-2 protocols, including Arbitrum and OP Mainnet, Artemis data from September 25 reveals. Artemis, an institutional data platform for digital assets, shows that the number of daily active addresses on NEAR Protocol has been consistently above the 400,000 level in September. Daily Active Addresses On NEAR Protocol Surging Looking closer at the data confirms that the number of daily active addresses on Ethereum, the pioneer smart contract platform that hosts most decentralized....