Significant Decrease in the Number of Dogecoin Millionaires
Release: 2023/11/14 06:14 Reading: 686
The price of the popular altcoin Dogecoin (DOGE) has experienced a significant decline after reaching its peak of $0.7376 in 2021. Consequently, there has been a notable decrease in the number of wallet addresses holding over one million dollars worth of this altcoin, essentially resulting in a decrease in the number of Dogecoin millionaires.
Major Decline in the Number of Dogecoin Millionaires
According to recent data from BitInfoCharts.com, the number of Dogecoin wallet addresses with a value of over one million dollars has noticeably declined since 2022. As of November 13, there are currently 548 wallet addresses holding over one million dollars in DOGE. Previous figures show that on November 1, 2022, there were 1,046 addresses in this category.
In contrast, there are 548 wallet addresses in possession of one million dollars or more in DOGE. However, there are only 87 wallet addresses with holdings surpassing ten million dollars. This number stood at 160 on November 1, 2022, suggesting a decrease of over 50% in this particular group of wallet addresses since then.
Main Reason for the Decrease: Price Drop
The significant decrease in the number of Dogecoin millionaires seems to be associated with the significant drop in the altcoin’s price last year. The price of the altcoin was $0.15 on November 1, 2022, and has since dropped by approximately 50%, currently hovering around $0.08. This downward trend in Dogecoin has also triggered a decrease in investor interest in rival memecoins such as Pepe (PEPE), Shiba Inu (SHIB), and Floki (FLOKI).
As previously mentioned, the price decline of Dogecoin has resulted in a decrease in the number of wallet addresses holding more than one million dollars in altcoin from 887 to 548. Additionally, the number of wallet addresses holding over ten million dollars in DOGE has also decreased from 160 to 87.
In Bitcoin (BTC) and altcoins, a single owner can create as many wallet addresses as they wish. This means that millionaires in cryptocurrencies can distribute their funds among multiple wallet addresses. This indicates that there may be an error or omission in the number of these millionaires.
Continue Reading: https://en.coin-turk.com/significant-decrease-in-the-number-of-dogecoin-millionaires/Recent news
More>- Crazy Biden (CRAZBIDE) Solana Memecoin to Explode Over 19,000% Before Exchange Listing, While Shiba Inu and Dogecoin Lag 11-22
- Crazy Biden (CRAZBIDE) Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-22
- 5 Memecoins Poised for Gains Under Trump’s Crypto-Friendly Agenda 11-22
- Must-Buy Altcoins for Massive Gains Ahead of Bitcoin’s $100K Surge! 11-22
- 3 altcoins under $1 set to explode like the Dogecoin and XRP price 11-22
- The 4 Top Cryptos for Long-Term Investment: How Polkadot, Dogecoin, XRP & BlockDAG Stack Up 11-22
- The 4 Top Cryptos for Long-Term Investment: How Polkadot, Dogecoin, XRP & BlockDAG Stack Up 11-22
- Donald Nukes Ukraine Solana Memecoin Will Skyrocket 15,000% Ahead of Exchange Listing, As Shiba Inu and Dogecoin Underperform 11-22
- Shiba Inu Coin Price Set To Surge, As Pepe And New Meme Coin Trend Globally 11-22
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com