{"id":554527,"date":"2023-10-08T11:28:28","date_gmt":"2023-10-08T11:28:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=554527"},"modified":"2023-10-08T11:29:00","modified_gmt":"2023-10-08T11:29:00","slug":"dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/","title":{"rendered":"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically"},"content":{"rendered":"

Dogecoin, which <\/span>began as a meme cryptocurrency<\/span><\/a>, 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. <\/span><\/p>\n

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.<\/span><\/p>\n

Related Reading: Here\u2019s How Sam Bankman-Fried Allegedly Used Customer Funds On Alameda Research<\/a><\/div>\n

Dogecoin Whale Transactions\u00a0<\/b><\/h2>\n

Dogecoin seems to be <\/span>losing interest from whale traders<\/span><\/a>. A deep dive into on-chain data from IntoTheBlock has shown Dogecoin witnessed only 651 whale transactions in the past 24 hours and 4.85k whale transactions throughout the week. <\/span><\/p>\n

This metric follows transactions above $100,000, but its current level is a pale reflection of <\/span>Dogecoin’s past performance<\/span><\/a>. At the height of the Dogecoin hype in 2021, whale transactions made up a sizable portion of all Dogecoin transfers, reaching as high as 39.3k transactions in one week.\u00a0<\/span><\/p>\n

A metric following the number of overall transactions has shown similar results of low volume. Dogecoin recorded a <\/span>staggering increase of 8,220%<\/span><\/a> in daily transactions to reach 2.08 million on May 27, but this count has since fallen to just 38,000 transactions in the past 24 hours. When daily active addresses decline this rapidly, it\u2019s usually a sign that interest in the crypto asset is waning.<\/span><\/p>\n

<\/p>\n

DOGE market cap currently at $8.6 billion. Chart: TradingView.com<\/a><\/pre>\n
Dogecoin has been on a downtrend for quite some time, although it is still the 9th largest crypto in terms of market cap. At the time of writing, Doge is trading at $0.06133, down by 3.59% in a monthly timeframe. The crypto has also witnessed a 22.24% drop in trading volume in the past 24 hours.<\/span><\/p>\n
Declining Interest In Dogecoin And Other Meme Coins<\/b><\/h2>\n
The value of meme cryptocurrencies is highly dependent on hype and popularity rather than real-world utility. So, declining interest and activity among users and investors can be an issue. <\/span><\/p>\n
Related Reading: Binance Immense XRP Holdings Exposed In Detailed Proof of Reserves Report<\/a><\/div>\n
Shiba Inu has taken the attention of the crypto industry in the past few months, as it looks to <\/span>elevate itself from being just a meme crypto<\/span><\/a>. Other meme coins like Dogecoin and Dogelon Mars have struggled to receive interest from investors. According to on-chain analytics firm Santiment, social media talks about meme coins are <\/span>now at their lowest level<\/span><\/a> since 2020.<\/span><\/p>\n
Though the drop in transaction count is worrying, Dogecoin has defied the odds before. There\u2019s a good chance that X (formerly Twitter) could incorporate <\/span>Dogecoin payments into its platform<\/span><\/a>. If this is implemented, it could serve as the next catalyst for Dogecoin’s growth.<\/span><\/p>\n
Featured image from Getty Images\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s How Sam Bankman-Fried Allegedly Used Customer Funds On Alameda Research Dogecoin Whale Transactions\u00a0 Dogecoin seems to be losing interest from whale traders. A deep dive into on-chain data from IntoTheBlock has shown Dogecoin witnessed only 651 whale transactions in the past 24 hours and 4.85k whale transactions throughout the week. This metric follows transactions above $100,000, but its current level is a pale reflection of Dogecoin’s past performance. At the height of the Dogecoin hype in 2021, whale transactions made up a sizable portion of all Dogecoin transfers, reaching as high as 39.3k transactions in one week.\u00a0 A metric following the number of overall transactions has shown similar results of low volume. Dogecoin recorded a staggering increase of 8,220% in daily transactions to reach 2.08 million on May 27, but this count has since fallen to just 38,000 transactions in the past 24 hours. When daily active addresses decline this rapidly, it\u2019s usually a sign that interest in the crypto asset is waning. DOGE market cap currently at $8.6 billion. Chart: TradingView.com Dogecoin has been on a downtrend for quite some time, although it is still the 9th largest crypto in terms of market cap. At the time of writing, Doge is trading at $0.06133, down by 3.59% in a monthly timeframe. The crypto has also witnessed a 22.24% drop in trading volume in the past 24 hours. Declining Interest In Dogecoin And Other Meme Coins The value of meme cryptocurrencies is highly dependent on hype and popularity rather than real-world utility. So, declining interest and activity among users and investors can be an issue. Related Reading: Binance Immense XRP Holdings Exposed In Detailed Proof of Reserves Report Shiba Inu has taken the attention of the crypto industry in the past few months, as it looks to elevate itself from being just a meme crypto. Other meme coins like Dogecoin and Dogelon Mars have struggled to receive interest from investors. According to on-chain analytics firm Santiment, social media talks about meme coins are now at their lowest level since 2020. Though the drop in transaction count is worrying, Dogecoin has defied the odds before. There\u2019s a good chance that X (formerly Twitter) could incorporate Dogecoin payments into its platform. If this is implemented, it could serve as the next catalyst for Dogecoin’s growth. Featured image from Getty Images\u00a0<\/p>\n","protected":false},"author":594,"featured_media":554530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[134,1785,7,84471,14781],"class_list":["post-554527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-altcoin","tag-doge","tag-dogecoin","tag-meme-coin","tag-whales"],"acf":[],"yoast_head":"\nDogecoin In A Dire Position As Daily Active Addresses Drop Drastically<\/title>\n<meta name=\"description\" content=\"Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically\" \/>\n<meta property=\"og:description\" content=\"Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-08T11:28:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-08T11:29:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"879\" \/>\n\t<meta property=\"og:image:height\" content=\"586\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically\",\"datePublished\":\"2023-10-08T11:28:28+00:00\",\"dateModified\":\"2023-10-08T11:29:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/\"},\"wordCount\":460,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586\",\"keywords\":[\"altcoin\",\"doge\",\"Dogecoin\",\"meme coin\",\"whales\"],\"articleSection\":[\"Dogecoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/\",\"url\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/\",\"name\":\"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586\",\"datePublished\":\"2023-10-08T11:28:28+00:00\",\"dateModified\":\"2023-10-08T11:29:00+00:00\",\"description\":\"Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586\",\"width\":879,\"height\":586,\"caption\":\"Dogecoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/uniquehot.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically","description":"Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/","og_locale":"en_US","og_type":"article","og_title":"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically","og_description":"Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the","og_url":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-10-08T11:28:28+00:00","article_modified_time":"2023-10-08T11:29:00+00:00","og_image":[{"width":879,"height":586,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically","datePublished":"2023-10-08T11:28:28+00:00","dateModified":"2023-10-08T11:29:00+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/"},"wordCount":460,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586","keywords":["altcoin","doge","Dogecoin","meme coin","whales"],"articleSection":["Dogecoin"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/","url":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/","name":"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586","datePublished":"2023-10-08T11:28:28+00:00","dateModified":"2023-10-08T11:29:00+00:00","description":"Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586","width":879,"height":586,"caption":"Dogecoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically","url":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","doge","dogecoin","meme coin","whales"],"dateCreated":"2023-10-08T11:28:28Z","datePublished":"2023-10-08T11:28:28Z","dateModified":"2023-10-08T11:29:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-in-a-dire-position-as-daily-active-addresses-drop-drastically\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/a-4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/a-4.jpg?fit=879%2C586\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"doge\",\"dogecoin\",\"meme coin\",\"whales\"],\"dateCreated\":\"2023-10-08T11:28:28Z\",\"datePublished\":\"2023-10-08T11:28:28Z\",\"dateModified\":\"2023-10-08T11:29:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/a-4.jpg?fit=879%2C586","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/554527"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=554527"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/554527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/554530"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=554527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=554527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=554527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}