{"id":648310,"date":"2024-10-17T00:00:37","date_gmt":"2024-10-17T00:00:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=648310"},"modified":"2024-10-16T11:57:35","modified_gmt":"2024-10-16T11:57:35","slug":"dogecoin-holder-base-6-month","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-holder-base-6-month\/","title":{"rendered":"Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10"},"content":{"rendered":"

Dogecoin (DOGE)<\/span><\/a>, the world\u2019s largest meme coin has recently seen a sharp decline in its holder base, with new data confirming that the number of active long-term holders has fallen to a six-month low. Amidst this bearish development, a crypto analyst remains optimistic about Dogecoin\u2019s price outlook, believing that it can reach new All-Time Highs (ATH) of $10 soon.\u00a0<\/span><\/p>\n

Dogecoin Holder Base Sees Rapid Decline<\/h2>\n

Santiment, a Market Intelligence platform has unveiled a rather<\/span> bearish trend<\/span><\/a> involving Dogecoin investors and holders. The platform revealed in an X (formerly Twitter)<\/span> post<\/span><\/a> on October 15 that the number of active Dogecoin holders is falling at a significantly rapid pace.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Stochastic Breakout Puts BTC Price Above $500,000, Here\u2019s When<\/a><\/div>\n

Based on its reports, there has been a net loss of approximately 106,600 non-empty wallets since Tuesday, October 8. A non-empty wallet here refers to a crypto wallet that contains at least some DOGE tokens. Sharing a chart illustrating the decline in the<\/span> Dogecoin holder base<\/span><\/a>, Santiment revealed that the total number of Dogecoin holders is estimated currently at 6.62 million. This figure marks the lowest the DOGE holder base has ever been since April 25, 2024.<\/span><\/p>\n

\"Dogecoin\"
Source: X<\/figcaption><\/figure>\n

The net drop of 160,600 indicates that more people are either selling off or withdrawing the DOGE tokens from their wallets than those<\/span> buying the meme coin<\/span><\/a>. In light of this, Santiment has noted a shift in investors’ sentiment and<\/span> interest in Dogecoin<\/span><\/a>.\u00a0<\/span><\/p>\n

The market intelligence platform has disclosed that many traders who had invested in Dogecoin are expressing frustration about the<\/span> meme coin\u2019s poor market performance<\/span><\/a>. As a result, traders, especially those looking for short-term gains, are moving away from Dogecoin in search of a cryptocurrency that might offer rapid price increases.\u00a0\u00a0<\/span><\/p>\n

As of writing, Dogecoin is trading at $0.12,<\/span> experiencing slight upticks<\/span><\/a> over the weeks, according to CoinMarketCap. It appears the meme coin\u2019s 10% surge and 17% increase in the past week and month respectively, has not been enough for many investors.\u00a0<\/span><\/p>\n

As the top meme coin in the market, many<\/span> expect<\/span><\/a> a dramatic DOGE surge to occur in order to reap immense benefits. However, the cryptocurrency\u2019s recent fluctuating performance and inability to reach the coveted $1 mark has<\/span> left many investors concerned<\/span><\/a>.<\/span><\/p>\n

Analyst Doubles Down On $10 Price Target For DOGE<\/h2>\n

Amidst the decline in the Dogecoin holder base, a crypto analyst remains highly bullish on the meme coin price outlook. Dima James Potts, an analyst on X has doubled down on his earlier prediction that<\/span> Dogecoin is headed to $10<\/span><\/a>.<\/span><\/p>\n

Related Reading: Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400<\/a><\/div>\n

In a previous<\/span> X post<\/span><\/a> on August 8, Potts predicted that Dogecoin is<\/span> gearing up for a major price increase<\/span><\/a> in 2025. At the time, the analyst based his forecast on DOGE’s historical patterns and past performance, highlighting that in the two previous market cycles, Dogecoin had surged 9,000% and 18,000% in 2017, and 2021 respectively.\u00a0<\/span><\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n

Now the analyst is reinforcing his earlier prediction, emphasizing that history cannot be changed, while asserting that a $10 price surge for Dogecoin was seemingly inevitable.\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE price recovers from lows | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE), the world\u2019s largest meme coin has recently seen a sharp decline in its holder base, with new data confirming that the number of active long-term holders has fallen to a six-month low. Amidst this bearish development, a crypto analyst remains optimistic about Dogecoin\u2019s price outlook, believing that it can reach new All-Time Highs (ATH) of $10 soon.\u00a0 Dogecoin Holder Base Sees Rapid Decline Santiment, a Market Intelligence platform has unveiled a rather bearish trend involving Dogecoin investors and holders. The platform revealed in an X (formerly Twitter) post on October 15 that the number of active Dogecoin holders is falling at a significantly rapid pace.\u00a0 Related Reading: Bitcoin Stochastic Breakout Puts BTC Price Above $500,000, Here\u2019s When Based on its reports, there has been a net loss of approximately 106,600 non-empty wallets since Tuesday, October 8. A non-empty wallet here refers to a crypto wallet that contains at least some DOGE tokens. Sharing a chart illustrating the decline in the Dogecoin holder base, Santiment revealed that the total number of Dogecoin holders is estimated currently at 6.62 million. This figure marks the lowest the DOGE holder base has ever been since April 25, 2024. The net drop of 160,600 indicates that more people are either selling off or withdrawing the DOGE tokens from their wallets than those buying the meme coin. In light of this, Santiment has noted a shift in investors’ sentiment and interest in Dogecoin.\u00a0 The market intelligence platform has disclosed that many traders who had invested in Dogecoin are expressing frustration about the meme coin\u2019s poor market performance. As a result, traders, especially those looking for short-term gains, are moving away from Dogecoin in search of a cryptocurrency that might offer rapid price increases.\u00a0\u00a0 As of writing, Dogecoin is trading at $0.12, experiencing slight upticks over the weeks, according to CoinMarketCap. It appears the meme coin\u2019s 10% surge and 17% increase in the past week and month respectively, has not been enough for many investors.\u00a0 As the top meme coin in the market, many expect a dramatic DOGE surge to occur in order to reap immense benefits. However, the cryptocurrency\u2019s recent fluctuating performance and inability to reach the coveted $1 mark has left many investors concerned. Analyst Doubles Down On $10 Price Target For DOGE Amidst the decline in the Dogecoin holder base, a crypto analyst remains highly bullish on the meme coin price outlook. Dima James Potts, an analyst on X has doubled down on his earlier prediction that Dogecoin is headed to $10. Related Reading: Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400 In a previous X post on August 8, Potts predicted that Dogecoin is gearing up for a major price increase in 2025. At the time, the analyst based his forecast on DOGE’s historical patterns and past performance, highlighting that in the two previous market cycles, Dogecoin had surged 9,000% and 18,000% in 2017, and 2021 respectively.\u00a0 Now the analyst is reinforcing his earlier prediction, emphasizing that history cannot be changed, while asserting that a $10 price surge for Dogecoin was seemingly inevitable.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":648322,"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":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-648310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10<\/title>\n<meta name=\"description\" content=\"Dogecoin has recently seen a sharp decline in its holder base, with active users falling to a six-month low.\" \/>\n<meta name=\"robots\" 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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 Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10","url":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-holder-base-6-month\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-holder-base-6-month\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Dogecoin_630ba0.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Dogecoin_630ba0.jpeg?fit=1792%2C1024"},"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":["analyst","crypto","crypto analyst","crypto news","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-10-17T00:00:37Z","datePublished":"2024-10-17T00:00:37Z","dateModified":"2024-10-17T00:00:37Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-holder-base-6-month\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-holder-base-6-month\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Dogecoin_630ba0.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Dogecoin_630ba0.jpeg?fit=1792%2C1024\"},\"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\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-10-17T00:00:37Z\",\"datePublished\":\"2024-10-17T00:00:37Z\",\"dateModified\":\"2024-10-17T00:00:37Z\"}<\/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\/2024\/10\/Dogecoin_630ba0.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/648310"}],"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=648310"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/648310\/revisions"}],"predecessor-version":[{"id":648327,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/648310\/revisions\/648327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/648322"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=648310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=648310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=648310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}