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Dogecoin Network Sees Significant Growth Amid Rising New Addresses And On-Chain Activity

  • The Dogecoin network has seen a significant increase in new addresses, with a 72% rise in the past week.
  • Dogecoin recorded its largest spike in active addresses in the last six months, reaching 84,306 active addresses.
  • Despite a price drop, on-chain data suggests that large investors, known as whales, are still interested in Dogecoin.
  • Technical indicators, such as a potential MACD bullish crossover, indicate possible future price rallies for Dogecoin.

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