Esteculo Tambinene Esta Disponible N Esponol.
DogeCoin, the major meme coins of the industry have led most of Altcoins in the recent months in the performance of the price. However, it faces its most difficult challenge between falling network activity and a price fall.
According to an analyst, Dogcoin experienced a large scale 95% fall In active addresses on your network, suggest significant decline in activity.
Related reading
#Dogecoin $ Dog Network activity has declined by 95%, in November 2.66 million has fallen from active address to just 130,282! pic.twitter.com/SLH3QTUMP6
– Ali (@ali_charts) 25 February, 2025
Should dogcoin holders worry?
As soon as the price of dogcoin starts recovering, its network activity has to be faced. Crypto expert Ali Martinez noted the decline in network activity, sharing that the decline in the number of active address began three months ago.
According to Martinez, Dogcoin Network recorded 1,292,770 new active addresses by 21 November 2024. The number soon increased to 2.4 million active addresses, but the number dropped immediately. Between December 2024 and February 2025, the number of addresses decreased by about 95%.
Meanwhile, the price of dogcoin is rejected In the last few days, with the loss of holders. Popular Meme coin is currently trading at $ 0.2077, a slight improvement with a price of $ 0.1977 a few hours ago. Despite Dogi’s minimum advantage, it is still below the previous week performance.
Decline in network activity
On 23 February, it was noted that the network had only 30,815 new addresses, which confirms the slide in network activity. The decrease in network activity of dogcoin was reflected in its value movement, which immersed from $ 0.4868 to $ 0.196. With a decline in value needle and network activity, many commentators argued that it was a sign of weak demand for dogcoin.
According to one figure, the percentage of long -term dogcoin investors falls by 2.67%, which means low accumulation. In addition, mid -term coin holders have a drop of 11.81%, meaning that they have already exited their positions.
Finally, the data indicates an increase of 107.45% in short -term holders, which suggests an increase in speculative trade. This information suggests that dogcoin traders are more interested in short -term and speculative business activities than long -term investment.
Dogo is starting his big trick!
Soon moving towards $ 5.$ Dog #Doge #Dogecoin #Memecoin pic.twitter.com/vaztdmxmsn
– @cryptoelltes (@cryptoelites) 25 February, 2025
Dogi price target
Although the price of dogcoin is currently below, some commentators hope Reversed Soon According to cryptolites, the dogcoin is for a rebound, and is ready to hit a new high target.
Related reading
The analyst offered a three -price target for dogcoin: $ 0.75, $ 1.5 and $ 5.
Specially displayed image from pexels, chart from tradingview
