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Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10

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Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10 - NewsBTC

Quick Summary:

Amidst this bearish development, a crypto analyst remains optimistic about Dogecoin’s price outlook, believing that it can reach new All-Time Highs (ATH) of $10 soon.  Dogecoin Holder Base Sees Rapid Decline Santiment, a Market Intelligence platform has unveiled a rather bearish trend involving Dogecoin investors and holders.

The platform revealed in an X (formerly Twitter) post on October 15 that the number of active Dogecoin holders is falling at a significantly rapid pace.  Related Reading: Bitcoin Stochastic Breakout Puts BTC Price Above $500,000, Here’s When Based on its reports, there has been a net loss of approximately 106,600 non-empty wallets since Tuesday, October 8.

Analyst Doubles Down On $10 Price Target For DOGE Amidst the decline in the Dogecoin holder base, a crypto analyst remains highly bullish on the meme coin price outlook.

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Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10 - NewsBTC (Picture 1)Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10 - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 00:00:37 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23095308

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

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News Last Updated: 12 hours ago

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