The number of Dogecoin holders has decreased, with over 106,000 non-empty wallets abandoned since October 8.
Dogecoin's lackluster price performance has frustrated investors, leading them to explore other memecoins with potential for quicker gains.
While Dogecoin faced a 1% decline in the last 24 hours, TURBO token showed impressive gains in the memecoin sector.
Crypto analyst Ali Martinez suggests potential for further growth in Dogecoin, with a projection of $10, representing an 84,200% increase from current price levels.