The dog-themed cryptocurrency, Dogecoin (DOGE), has seen a significant increase in activity in the last 24 hours. Data from CoinMarketCap shows a 35% rise in trading volume during this period.<\/p>\n
Moreover, insights from IntoTheBlock reveal a surge in activity among DOGE addresses. The number of daily active addresses has reached 55,440, marking the highest count of daily DOGE active addresses within a 30-day timeframe.<\/p>\n
Over the past week, daily active addresses on DOGE have witnessed a notable increase, indicating heightened on-chain transaction activity. This rise is accompanied by an uptick in new addresses created on the DOGE blockchain. The recent peak saw 55,440 daily active addresses, a 32% surge from the previous day.<\/p>\n
While the daily active addresses have slightly dropped from the peak, the overall trend remains positive. IntoTheBlock data shows an 11.41% increase in new addresses created and a 6.22% rise in total active addresses compared to the previous week.<\/p>\n
The increased activity signifies a growing interest in the Dogecoin network, which could potentially lead to a price surge due to heightened user engagement. The rise in new addresses also indicates positive sentiment surrounding DOGE, with existing users becoming more active and new participants joining the ecosystem.<\/p>\n
Although there is a 35% surge in daily trading volume, it’s crucial to note that this increase could be from both buying pressure and selloffs on exchanges. Despite this, there has been a net flow of $14.5 million worth of DOGE from exchanges to private wallets over the past week, reflecting a bullish sentiment among some DOGE traders.<\/p>\n
However, this bullish sentiment has not yet translated into the price of DOGE. Currently trading at $0.1002, DOGE briefly reached $0.104 before a 1.93% decline over the past 24 hours. This suggests that the increased trading volume is a mix of buying pressure and a subsequent minor selloff.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The dog-themed cryptocurrency, Dogecoin (DOGE), has seen a significant increase in activity in the last 24 hours. Data from CoinMarketCap shows a 35% rise in trading volume during this period. Moreover, insights from IntoTheBlock reveal a surge in activity among DOGE addresses. The number of daily active addresses has reached 55,440, marking the highest count […]<\/p>\n","protected":false},"author":1,"featured_media":17649,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Dogecoin Activity Surges, Spiking by 32% in Key Metric - Bitrabo","description":"The dog-themed cryptocurrency, Dogecoin (DOGE), has seen a significant increase in activity in the last 24 hours. Data from CoinMarketCap shows a 35% rise in tr"},"footnotes":""},"categories":[316],"tags":[461,626,7411,1008,467,489,3880,1120,2301],"class_list":["post-17648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-dogecoin","tag-major","tag-major-metric","tag-metric","tag-price","tag-sees","tag-send","tag-spike","tag-surging"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/17648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=17648"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/17648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/17649"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=17648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=17648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=17648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}