Dogecoin Network Activity Remains Flat, Threatens To Send Price Lower

Quick Summary:

Dogecoin (DOGE) is at risk of a significant price decline due to its network activity, which has remained flat for a while now.

Despite a bullish spike in some other metrics, this on-chain metric remains vital for the foremost meme coin’s growth.

According to the platform, the number of new addresses has slowly decreased, indicating a lack of new investors joining the network.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Dogecoin Dogecoin news Doge Dogecoin network DOGE news Dogecoin price Dogeusd Doge price Dogeusdt Dogecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 21:00:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21992151

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 23 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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