Dogecoin Sees 47% Spike In Active Addresses, Why Price Could Follow Suit
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 […]
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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....
The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on the platform. Ethereum’s new active wallet addresses climb to a new ATH of 3,001.804 ETH seen to spike in terms of social media engagements and mentions ETH price up by 0.46% as of press time According to a Twitter post by Glassnode shared on October 2, the number of new active wallet addresses on the Ethereum network recently climbed to a new ATH of 3,001.804. While it’s true that this screams a boost in investor interest in the alt,....
A crypto analyst has predicted that Dogecoin’s price action will pump very hard soon if on-chain data is any indication. The meme coin has been trading around $0.10, but a set of network metrics is beginning to provide a constructive outlook. Despite the lackluster price action, some analysts believe a recovery may be closer than the price chart suggests. These predictions are based on different factors, but one notable one is the increase in the number of active addresses that are interacting with the Dogecoin network. Dogecoin Active Addresses Jump 176% In One Week Recent data....
On-chain data shows the number of active addresses on the Dogecoin network has shot up recently. Here’s what this could mean for the memecoin. Dogecoin Active Addresses Have Risen To 73,000 As highlighted by analyst Ali Martinez in a new post on X, Dogecoin has seen a surge in Active Addresses recently. This on-chain indicator keeps track of the total amount of addresses that are coming online on the blockchain every day. An address is said to be online when it participates in some kind of transaction activity, whether as a sender or receiver. Thus, the Active Addresses metric....