Key Dogecoin (DOGE) indicator increased by about 15% in 90 days: details

TL; DR

Dogecoin experienced a 13.8% increase in non-empty wallets over a three-month period, which coincided with a temporary increase in its price. Analysts are predicting a significant increase in the price of DOGE, with targets as high as $1, based on current trends and historical performance.

DOGE investors are increasing.

Despite the recent underperformance, some metrics related to Dogecoin have seen a strong resurgence. According to crypto market intelligence platform Sentiment, non-empty DOGE wallets have increased by 13.8% over the past three months.

Dogecoin's price peaked at the end of February when it started heading north. Note that the value reached above $0.20 on February 26 after a month of $0.08. Currently, DOGE is worth approximately $0.14 (according to CoinGecko data).

He also explained how Bitcoin and Cardano have performed on that front. BTC non-empty wallets exceeded 53.8 million, representing a 2.6% increase in 90 days, while ADA reported a 0.01% decrease at 53 million addresses over the same period.

📊 The total number of non-empty #Bitcoin wallets is growing rapidly despite the decline in value. #Altcoin wallets for assets like #Dogecoin have flatlined after a massive surge earlier this year. #Cardano is one of the few networks to see an active wallet crash. pic.twitter.com/yrOlEQw3jy

— Santiment (@santimentfeed) April 27, 2024

DOGE price predictions

It is a crypto space Full Analysts who are beautiful I hope that Dogecoin will rise coming soon. X user Ali Martinez recently proposed that Mem Coin has entered a consolidation phase after following a previous “descending triangle”. DOGE said it could reach the $1 level if it reflects its performance from years ago.

Javon Mark and Mikibul Krypto were brave. The former It is described Dogecoin's correction has been hailed as a “healthy comeback” recalling the impressive price growth since the beginning of the year.

“With prices still constrained, pullbacks can only support prices with a >315% upside run to the $0.6553 target,” the analyst opined.