Dogecoin Surpasses 90M Crypto Addresses: a Rally in Sight?

The leading memecoin Dogecoin (DOGE) reaches a major milestone with more than 90 million wallet addresses. This progress comes in the context of a crypto market recovery, propelling DOGE to new heights.

A growing adoption

The enthusiasm for Dogecoin shows no signs of waning. According to data from IntoTheBlock, the number of addresses holding DOGE has surpassed 90 million. This exponential growth reflects the enduring appeal of the meme-inspired crypto.

Although this figure doesn’t necessarily reflect the exact number of unique users, it nonetheless underscores a significant upward trend. Exchanges and individual investors contribute to this multiplication of addresses, strengthening DOGE’s position in the crypto ecosystem.

This increase occurs in the context of a general market recovery. DOGE recorded an impressive 15% increase in one week, illustrating renewed investor optimism.

Promising outlook for Dogecoin

Analysts are optimistic about the future of Dogecoin. Kaleo, a recognized expert, mentions an ongoing “supercycle of memecoins“. He anticipates DOGE progressing towards the symbolic threshold of 1 to 2 dollars, although this evolution may take time.

Other forecasts predict a more modest but still ambitious short-term goal. Influential analyst Javon Marks envisions breaking the 0.653-dollar mark “in the near future”. This projection would represent a considerable 400% increase compared to the current price of 0.118 dollars.

The spectacular growth in the number of Dogecoin addresses reflects the growing interest in altcoins. In a booming market, DOGE confirms its status as a leading memecoin, attracting investors and speculators seeking high potential returns.