According In the block According to data, Dogecoin (DOGE) has surpassed the 90 million total addresses mark, which refers to all addresses ever created that have held Dogecoin and those that still hold it. Dogecoin’s total addresses have increased to 90.34 million today.
According In the block According to data, Dogecoin (DOGE) has surpassed the 90 million total addresses mark, which refers to all addresses ever created that have held Dogecoin and those that still hold it. Dogecoin’s total addresses have increased to 90.34 million today.
Total addresses differ from total addresses with balance (holders) which, according to In the blockrefers to all addresses that contain Dogecoin.
There may be circumstances where one person has multiple addresses (for example, leaving cryptocurrency in multiple addresses for security reasons) or scenarios where one address contains the funds of multiple users (centralized exchanges), which is reflected in the number total addresses with balance.
In the case of Dogecoin, the total number of addresses with balance is currently 6.5 million. A total of 83.84 million represent the total zero balance, that is, addresses that used to have Dogecoin but no longer have it.
Tomiwabold OlajideIn this context, it should be noted that the total number of addresses with a balance has been growing steadily since the beginning of 2024.
In the long run, the total number of addresses that have a balance reflects the interest in holding and investing in a specific crypto asset. An increasing number of addresses with a balance is beneficial because it indicates a stronger and expanding user base.
Dogecoin price action
Dogecoin is up 0.52% in the last 24 hours to $0.124, and 1.11% in the last seven days.
Dogecoin broke and closed below the daily 200 SMA at $0.128 on June 18, and has since been consolidating or trading in a range below this critical milestone.
Tomiwabold OlajideThe bulls will need to push the price above the daily 200 SMA at $0.128 to mark the start of a strong recovery. Dogecoin could then advance towards the daily 50 SMA at $0.15, which could allow it to break out of the wider range it was previously trading in. Failure to do so may indicate that the range-bound action between $0.12 and $0.18 will last a bit longer.
If the declines persist and the DOGE price drops significantly and drops below $0.12, it may indicate that the bears are in control. That could trigger a move lower towards $0.10, where the bulls will once again try to stop the decline.
