{"id":360274,"date":"2023-12-25T00:00:39","date_gmt":"2023-12-24T18:30:39","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=360274"},"modified":"2023-12-24T14:41:26","modified_gmt":"2023-12-24T09:11:26","slug":"dogecoin-new-addresses-rise-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-new-addresses-rise-but-theres-a-catch\/","title":{"rendered":"Dogecoin: New addresses rise, but there&#8217;s a catch"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">The number of new Dogecoin addresses has increased by over 30%.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">Active addresses have increased to over 1 million.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Recently, Dogecoin [DOGE] observed an uptick in the creation of new addresses. AMBCrypto&#8217;s analysis of the accompanying chart revealed a notable increase of over 35% in new addresses over the last seven days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This development is important, as it suggests potential enhancements in liquidity and trading activity &#8211; factors that could contribute to a rise in the value of the meme coin.<\/span><\/p>\n<h4><b>More Dogecoin addresses become active<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The surge in new addresses and the impressive growth of active addresses signal positive developments for <a href=\"http:\/\/ambcrypto.com\/dogecoin-prices-gain-8-2-in-a-day-are-new-predictions-on-the-way\/\" target=\"_blank\" rel=\"noopener\">Dogecoin<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Santiment&#8217;s analysis of the seven-day active addresses metric showed a consistent rise, with the current count at nearly 1.3 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Comparing this to the average of around 450,000 before the 9th of December and the previous peak of around 944,000 on the 1st of December showed a substantial increase.<\/span><\/p>\n<figure id=\"attachment_360279\" aria-describedby=\"caption-attachment-360279\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.06.55-24-Dec-2023.png\"><img decoding=\"async\" class=\"wp-image-360279 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.06.55-24-Dec-2023.png\" alt=\"Dogecoin active addresses\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.06.55-24-Dec-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.06.55-24-Dec-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.06.55-24-Dec-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.06.55-24-Dec-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.06.55-24-Dec-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.06.55-24-Dec-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-360279\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Furthermore, the Daily Active Addresses exhibited a recent uptick, reaching around 166,000, even though there has been a slight drop from this peak. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, this figure remained higher than the average of around 45,000 in the preceding months. These trends suggested increased activity and engagement within the Dogecoin network and could contribute to its growth.<\/span><\/p>\n<h4><b>The number of holders continues to grow<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Another metric exhibiting consistent growth is the total number of <a href=\"http:\/\/ambcrypto.com\/chatgpt-dogecoin-price-prediction-dec-17\/\" target=\"_blank\" rel=\"noopener\">Dogecoin<\/a> holders, as Santiment&#8217;s chart indicated. From November to press time, there has been a substantial increase of over 400,000 holders. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The press time stood at around 5.7 million as of the latest data. The chart further illustrated an upward trend, suggesting that the number of holders may surpass the 6 million mark before the year concludes.\u00a0<\/span><\/p>\n<figure id=\"attachment_360282\" aria-describedby=\"caption-attachment-360282\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.08.30-24-Dec-2023.png\"><img decoding=\"async\" class=\"wp-image-360282 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.08.30-24-Dec-2023.png\" alt=\"Dogecoin holders\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.08.30-24-Dec-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.08.30-24-Dec-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.08.30-24-Dec-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.08.30-24-Dec-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.08.30-24-Dec-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Dogecoin-DOGE-08.08.30-24-Dec-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-360282\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><b>DOGE&#8217;s downtrend continues<\/b><\/h4>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/ambcrypto.com\/dogecoins-8-month-high-what-does-its-price-prediction-have-in-store\/\" target=\"_blank\" rel=\"noopener\">Dogecoin&#8217;s<\/a> price trend delayed aligning with the positive trends observed in its on-chain metrics. A closer look at the chart showed fluctuating prices over the past seven days.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">How much are 1,10,100 DOGEs worth today?<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">At the time of writing, DOGE was trading with a slight decline of less than 1%, extending the losses from the preceding trading session.<\/span><\/p>\n<figure id=\"attachment_360285\" aria-describedby=\"caption-attachment-360285\" style=\"width: 1475px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/DOGEUSD_2023-12-24_07-29-37.png\"><img decoding=\"async\" class=\"wp-image-360285 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/DOGEUSD_2023-12-24_07-29-37.png\" alt=\"DOGE\/USD\" width=\"1475\" height=\"785\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/DOGEUSD_2023-12-24_07-29-37.png 1475w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/DOGEUSD_2023-12-24_07-29-37-300x160.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/DOGEUSD_2023-12-24_07-29-37-1024x545.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/DOGEUSD_2023-12-24_07-29-37-768x409.png 768w\" sizes=\"(max-width: 1475px) 100vw, 1475px\" \/><\/a><figcaption id=\"caption-attachment-360285\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Additionally, the Relative Strength Index (RSI) line remained above the neutral line while near it. This trend signified a weakening of the bull trend for DOGE.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin can see a further uptrend if the positives in some metrics persist.\u00a0<\/p>\n","protected":false},"author":76,"featured_media":360295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,4,20],"tags":[],"class_list":["post-360274","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin: New addresses rise, but there&#039;s a catch - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Dogecoin has been seeing impressive growth in some of its on-chain metrics, but it is yet to reflect on its price trend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/dogecoin-new-addresses-rise-but-theres-a-catch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin: New addresses rise, but there&#039;s a catch - 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