The most famous meme cryptocurrency, dogecoin (DOGE), could be heading for a bullish 2024 after experiencing an accelerated increase in the creation of new network addresses.
The data was revealed by the analysis firm Santiment, which detailed that a total of 413,800 addresses were created, mainly with balances between 0.001 and 1 DOGE, in the last two weeks.
This increase could be an indicator of growth for the price of the cryptocurrency, as new wallets may suggest greater participation and interest from investors, which can be interpreted as a bullish outlook in 2024. So I could relive the experience of the previous cycle, in which DOGE was one of the most outstanding.
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The most famous meme cryptocurrency, dogecoin (DOGE), could be heading for a bullish 2024 after experiencing an accelerated increase in the creation of new network addresses.
The data was revealed by the analysis firm Santiment, which detailed that a total of 413,800 addresses were created, mainly with balances between 0.001 and 1 DOGE, in the last two weeks.
This increase could be an indicator of growth for the price of the cryptocurrency, as new wallets may suggest greater participation and interest from investors, which can be interpreted as a bullish outlook in 2024. So I could relive the experience of the previous cycle, in which DOGE was one of the most outstanding.