The Dogecoin (DOGE) market wasn’t taking a backseat. Leaving the rest of the cryptocurrency ecosystem behind, the OG meme coin surged by nearly 4% over the past 24 hours. DOGE went from trading at a low of $0.101 to a high of $0.108. Following a slight setback, the asset was priced at $0.1075 at press time.
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Dogecoin’s Recent Performance And Network Activity
This price increase was linked to the network activity in the DOGE market. According to recent data shared by an analyst, the Dogecoin network is “experiencing significant growth.” Ali Martinez reports that there has been a 72% spike in new DOGE addresses over the last week, with the cryptocurrency’s network creating more than 19,600 addresses in a single day.
Wallets And Users
However, it should be noted that one wallet does not always equate to one user. Anyone can create several DOGE wallets, ranging from exchange wallets to wallets belonging to different individuals.
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Looking Into Dogecoin’s Performance This Weekend
Dogecoin’s hot streak will stay intact and won’t be disrupted by the bears. According to data from Changelly, DOGE will witness a dainty surge in the coming days. The highest that the meme coin will trade at is $0.10434 on October 5, 2024.
But the asset will close the weekend at $0.103275. Even though this is not a major spike, the network is glad that Dogecoin isn’t plummeting.
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Nevertheless, investors are betting to witness DOGE move beyond 10 cents and claim 12 cents. A drop below the 10-cent mark could be challenging for investors waiting for an uptrend.