{"id":562983,"date":"2023-11-29T15:00:09","date_gmt":"2023-11-29T15:00:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=562983"},"modified":"2023-11-29T11:00:21","modified_gmt":"2023-11-29T11:00:21","slug":"dogecoin-holders-5-million","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-holders-5-million\/","title":{"rendered":"Dogecoin Holders Cross 5 Million, Catalyst For Price To Reach $0.1?"},"content":{"rendered":"

Dogecoin holders just surpassed 5 million addresses this week, a huge milestone for the meme cryptocurrency. According to data from on-chain analytics platform IntoTheBlock, Dogecoin addresses have been growing steadily since the beginning of the year. At the same time, DOGE is <\/span>up by 43% from its October bottom<\/span><\/a> of $0.056.\u00a0<\/span><\/p>\n

However, this growth is still small when compared to <\/span>other popular cryptocurrencies<\/span><\/a>, as DOGE is still yet to reach $0.1 this year. This major growth in addresses could be the catalyst needed for Dogecoin to reach its next price target to push it to $0.1.<\/span><\/p>\n

New Milestone For Dogecoin<\/h2>\n

The Dogecoin community is one of the <\/span>most active<\/span><\/a> in the crypto industry, and the meme token is currently in the 8th spot in terms of market cap. According to IntoTheBlock’s Total Addresses metric, the total number of addresses with a balance crossed over 5 million this week to reach a high of 5.11 million on November 27th. At the time of writing, this metric still stands at over 5 million with 5.1 million addresses.<\/span><\/p>\n

\"Dogecoin<\/p>\n

Source: IntoTheBlock<\/pre>\n

The surge of new Dogecoin addresses is largely due to growing growing interest and adoption of the cryptocurrency. On the price action end of things, DOGE has increased by 9.00% in a 7-day timeframe as most cryptocurrencies start to turn a profit again after a few weeks of consolidation.\u00a0<\/span><\/p>\n

At the same time, IntoTheBlock\u2019s <\/span>large transaction metric<\/span><\/a> which measures transactions with a value larger than $100,000 has been increasing, reaching a total of $2.08 billion in the past seven days.<\/span><\/p>\n

Balance Among Addresses<\/h2>\n

Despite the rise in addresses with a balance, the holding distribution shows that most of the tokens are concentrated in a few addresses. Around 4.48 million addresses representing 95.5% of the total addresses hold just 1.59% of the total circulating supply. On the other hand, just 700 addresses hold 81% of the total supply.\u00a0<\/span><\/p>\n

\"Dogecoin<\/p>\n

Source: IntoTheBlock<\/pre>\n

There’s also been a surge in the number of daily transactions, with a 102.09% increase in the number of new addresses and an 89.70% increase in the number of active addresses. Notably, there were 221,330 active DOGE addresses on November 27th. <\/span>According to IntoTheBlock<\/span><\/a>, this is most likely driven by <\/span>Dogecoin Doginals<\/span><\/a>.<\/span><\/p>\n

DOGE’s ascent to $0.1 this year seems bleak at the moment, as the crypto will have to go on another 25% increase from its current price in December. DOGE is currently trading around a prior resistance at the $0.081 level and <\/span>has formed support<\/span><\/a> just around the $0.071 level.\u00a0\u00a0<\/span><\/p>\n

A continued inflow into addresses could see DOGE break above the resistance, and <\/span>continue its price surge<\/span><\/a>. The next hurdle would be to break above $0.087 before getting to $0.1 for the first time this year.<\/span><\/p>\n

\"Dogecoin<\/p>\n

DOGE price falls below $0.08 | Source: DOGEUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Binance Academy, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin holders just surpassed 5 million addresses this week, a huge milestone for the meme cryptocurrency. According to data from on-chain analytics platform IntoTheBlock, Dogecoin addresses have been growing steadily since the beginning of the year. At the same time, DOGE is up by 43% from its October bottom of $0.056.\u00a0 However, this growth is still small when compared to other popular cryptocurrencies, as DOGE is still yet to reach $0.1 this year. This major growth in addresses could be the catalyst needed for Dogecoin to reach its next price target to push it to $0.1. New Milestone For Dogecoin The Dogecoin community is one of the most active in the crypto industry, and the meme token is currently in the 8th spot in terms of market cap. According to IntoTheBlock’s Total Addresses metric, the total number of addresses with a balance crossed over 5 million this week to reach a high of 5.11 million on November 27th. At the time of writing, this metric still stands at over 5 million with 5.1 million addresses. Source: IntoTheBlock The surge of new Dogecoin addresses is largely due to growing growing interest and adoption of the cryptocurrency. On the price action end of things, DOGE has increased by 9.00% in a 7-day timeframe as most cryptocurrencies start to turn a profit again after a few weeks of consolidation.\u00a0 At the same time, IntoTheBlock\u2019s large transaction metric which measures transactions with a value larger than $100,000 has been increasing, reaching a total of $2.08 billion in the past seven days. Balance Among Addresses Despite the rise in addresses with a balance, the holding distribution shows that most of the tokens are concentrated in a few addresses. Around 4.48 million addresses representing 95.5% of the total addresses hold just 1.59% of the total circulating supply. On the other hand, just 700 addresses hold 81% of the total supply.\u00a0 Source: IntoTheBlock There’s also been a surge in the number of daily transactions, with a 102.09% increase in the number of new addresses and an 89.70% increase in the number of active addresses. Notably, there were 221,330 active DOGE addresses on November 27th. According to IntoTheBlock, this is most likely driven by Dogecoin Doginals. DOGE’s ascent to $0.1 this year seems bleak at the moment, as the crypto will have to go on another 25% increase from its current price in December. DOGE is currently trading around a prior resistance at the $0.081 level and has formed support just around the $0.071 level.\u00a0\u00a0 A continued inflow into addresses could see DOGE break above the resistance, and continue its price surge. The next hurdle would be to break above $0.087 before getting to $0.1 for the first time this year. DOGE price falls below $0.08 | Source: DOGEUSD on Tradingview.com Featured image from Binance Academy, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":562994,"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":[1785,89174,85675,7,87891,1803,1804,79599],"class_list":["post-562983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-holders","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd"],"acf":[],"yoast_head":"\nDogecoin Holders Cross 5 Million, Catalyst For Price To Reach $0.1?<\/title>\n<meta name=\"description\" content=\"Dogecoin holders just surpassed 5 million addresses this week, a huge milestone for the meme cryptocurrency.\" \/>\n<meta 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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 Holders Cross 5 Million, Catalyst For Price To Reach $0.1?","url":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-holders-5-million\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-holders-5-million\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Dogecoin-wallets.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Dogecoin-wallets.png?fit=1600%2C900"},"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":["doge","doge news","doge price","dogecoin","dogecoin holders","dogecoin news","dogecoin price","dogeusd"],"dateCreated":"2023-11-29T15:00:09Z","datePublished":"2023-11-29T15:00:09Z","dateModified":"2023-11-29T15:00:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Holders Cross 5 Million, Catalyst For Price To Reach $0.1?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-holders-5-million\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-holders-5-million\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Dogecoin-wallets.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Dogecoin-wallets.png?fit=1600%2C900\"},\"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\":[\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin holders\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\"],\"dateCreated\":\"2023-11-29T15:00:09Z\",\"datePublished\":\"2023-11-29T15:00:09Z\",\"dateModified\":\"2023-11-29T15:00:09Z\"}<\/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\/11\/Dogecoin-wallets.png?fit=1600%2C900","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/562983"}],"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=562983"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/562983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/562994"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=562983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=562983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=562983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}