Dogecoin (DOGE) has faced a significant decline in value, losing over 40% in March amid market uncertainty and high volatility.
On-chain data shows a positive sign for DOGE, with a 47% surge in network activity and active addresses in the past month.
While the market downturn and selling pressure continue to challenge DOGE, the increased network activity suggests potential interest from long-term holders.
The coming days will be crucial for DOGE, as traders monitor if the network growth can translate into price stability and a potential rebound.