The total number of Dogecoin wallets has hit a new all-time high of 83.48 million, indicating increased usage of the network.
Despite the increase in wallets, Dogecoin price is struggling, currently below the $0.20 price level.
External factors like the ongoing trade war and the US Federal Reserve's stance have negatively impacted Dogecoin's price.
Analysts have conflicting views on the future price of Dogecoin, with some suggesting a potential drop to $0.15 and others hinting at a potential rally towards $2.8.