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Dogecoin’s Active Addresses Jump 34%, What’s Behind It?

  • Dogecoin’s active addresses surged by 34%, reflecting increased blockchain engagement and potential institutional interest in the meme coin.
  • Major financial institutions and credit unions are integrating DOGE, expanding its accessibility and mainstream adoption.
  • Grayscale Investments and Bitwise Asset Management are pushing Dogecoin into mainstream investing with the creation of investment products and exchange-traded fund for DOGE.
  • The growth of DOGE's active addresses and support from financial institutions indicate a promising future for the cryptocurrency, despite recent price decline.

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