CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$25,617.00
  • ethereum
    ETH$1,737.52
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Dogecoin (DOGE) Active Address Spike Above 100K for the First Time in 9 Months

    Dogecoin (DOGE) Active Address Spike Above 100K for the First Time in 9 Months

    Author: Chayanika Deka

    Last Updated Apr 20, 2023 @ 13:41

    Musk’s renewed interest over DOGE Twitter logo has fostered fresh hopes of a potential collab.

    Dogecoin (DOGE) – the OG memecoin – was up by around 30% since the beginning of the month. It is trading above $0.09 and is currently rising on the backdrop of Elon Musk’s tweet about his starship launch attempt.

    But the initial boost can be attributed to the abrupt change of the old blue bird logo on Twitter to a cut-out image of Dogecoin on its homepage earlier this month, a move that single-handedly prompted a minor price rally as well as spikes in network traction.

    • According to data from Bitinforcharts, the active address count on Dogecoin has surged to levels not seen since August 2022, going above 100k this month.
    • Throughout this year, the network has consistently attracted over 47,000 daily users.
    • Moreover, the address count has remained above 55,000 over the past month.
    • Such a trend can be indicative of an increasing market share as well as interest in the blockchain network, eventually resulting in a spike in demand for the underlying crypto-asset.
    • The transaction fees also skyrocketed to a new level this week.
    • Alongside a recovery across the broader crypto market, Dogecoin has almost doubled after bottoming out at $0.049 in June 2022.
    • After Musk’s controversial takeover of Twitter, many hoped that DOGE would become the social media platform’s official payment token.
    • While this is yet to transpire, the Twitter Chief briefly replaced the platform’s iconic bluebird logo with DOGE’s official mascot earlier in the month, which triggered a rally of nearly 40%.
    • More recently, Musk announced a reward of 1 million DOGE to anyone who can locate the existence of an emerald mine that many reports claim his family owns. This, too, provided a significant leg up to the memecoin.
    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • musk_doge_snip
      Dogecoin Explodes 25% After Elon Musk Changes Twitter Icon to Doge Meme
    • Dogecoin_Whale
      1.4B DOGE Dumped by 2 Whales After Elon Musk Changed the Twitter Logo to Dogecoin: Data
    • DOGE Jumps 6% Following Elon Musk's 1M Dogecoin Offer
    Tags: Dogecoin Elon Musk Twitter
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Chayanika Deka
    More posts by this author

    Chayanika has been working as a financial journalist for four years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm. Contact:Linkedin

  • bitcoin
    BTC$25,617.00
  • ethereum
    ETH$1,737.52
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    What is a Meme Coin? The Biggest Meme Coins You Must Know About

    What is a Meme Coin? The Biggest Meme Coins You Must Know About

    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!