Flagship memecoin Dogecoin (DOGE) hits a major milestone with over 90 million wallet addresses. The move comes amid a rally in the crypto market, propelling DOGE to new highs.
A growing adoption
The Dogecoin craze shows no sign of slowing down. According to data from IntoTheBlock, the number of addresses holding DOGE has surpassed 90 million. This exponential growth is a testament to the meme-inspired crypto’s enduring appeal.
Although this figure does not necessarily reflect the exact number of unique users, but it does highlight a significant upward trend. Exchanges and individual investors are contributing to this multiplication of addresses, strengthening DOGE's position in the crypto ecosystem.
The increase comes amid a general market recovery. DOGE has seen an impressive 15% increase in one week, illustrating investors' renewed optimism.
Promising prospects for Dogecoin
Analysts are optimistic about the future of Dogecoin. Renowned expert Kaleo talks about a “memecoin supercycle” underway. He anticipates DOGE moving toward the $1-2 mark, although this may take time.
Others forecasts are banking on a more modest, but still ambitious, short-term target. Influential analyst Javon Marks sees a break above $0.653 “in the near future.” That projection would represent a whopping 400% upside from the current price of $0.118.
The spectacular growth in the number of Dogecoin addresses reflects the growing interest in altcoins. In a market in full turmoil, DOGE confirms its status as a reference memecoin, attracting investors and speculators in search of high potential returns.
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