Dogecoin Hits 90 Million Wallet Addresses
Release: 2024/07/18 20:06 Reading: 496
Dogecoin Surpasses 90 Million Wallet Addresses, Fuelling Speculation
Dogecoin (DOGE), a well-known meme-inspired cryptocurrency, has reached a notable milestone by exceeding 90 million wallet addresses. This achievement coincides with a period of crypto market recovery, during which DOGE experienced a 15% surge in just one week.
According to data from IntoTheBlock, as reported by Bitcoinist, there are now 90 million unique addresses holding DOGE. However, it's crucial to recognize that a single wallet does not always correspond to a single user. Individuals may possess multiple DOGE wallets, and exchange-held wallets may contain DOGE from numerous users.
Milestone and Price Speculation
The 90 million wallet address milestone has generated renewed enthusiasm for Dogecoin within the crypto community. Analysts speculate that this growth in addresses could propel DOGE's price towards the highly-anticipated $1 mark by year's end.
Analyst Predictions for Dogecoin's Future Price
Long-Term Outlook: Analyst Kaleo maintains an optimistic long-term view, characterizing the current era as a "meme coin supercycle." He foresees DOGE potentially reaching $1 to $2 over time. However, he cautions that based on historical data, this achievement may require patience and preparation.
Short-Term Price Prediction: Cryptocurrency analyst Javon Marks anticipates a potential breakout for DOGE, predicting a target price of $0.653. This forecast represents a notable increase of over 400% from DOGE's current trading level of $0.118. Marks shared this prediction on the microblogging platform X (formerly Twitter), suggesting that it may only be a matter of time before DOGE realizes this price target.
Disclaimer:
This article serves solely as informational material and should not be construed as legal, tax, investment, financial, or any other type of advice.
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