The Dogecoin (DOGE) market was not left behind. Leaving the rest of the cryptocurrency ecosystem behind, OG memecoin has soared nearly 4% in the past 24 hours. DOGE traded from a low of $0.101 to a high of $0.108. After a slight pullback, the asset’s price was $0.1075 at the time of writing.
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Dogecoin recent performance and network activity
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This price increase is related to network activity in the DOGE market. According to recent data shared by analysts, the Dogecoin network is “experiencing significant growth.” Ali Martinez reports that new DOGE addresses surged by 72% last week, with the cryptocurrency network creating over 19,600 addresses in one day.
Wallets and users
However, keep in mind that one wallet does not necessarily correspond to one user. Anyone can create multiple DOGE wallets, from exchange wallets to wallets belonging to different individuals.
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Check out Dogecoin’s performance this weekend
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Dogecoin’s strong momentum remains intact and unimpeded by the bears. According to Changelly data, DOGE will witness an impressive surge in the coming days. The highest price Memecoin traded at was $0.10434 on October 5, 2024.
However, the asset’s weekend closing price will be $0.103275. Although this is not a huge spike, the network is happy that Dogecoin is not plummeting.
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Nevertheless, investors are betting to see DOGE charge more than 10 cents to 12 cents. A drop below 10 cents could be difficult for investors waiting for an uptrend.
