Dogecoin Price Could See Parabolic Growth As Daily New Addresses On The Network Balloons

Quick Summary:

The Dogecoin price may be on the brink of a parabolic surge, as recent data shows a significant increase in the number of new daily addresses on the Dogecoin network.

As more users join the Dogecoin community, there will be a notable increase in buying and selling, ultimately enhancing the token’s liquidity and leading to a potential upward pressure on prices.

Notably, a 35,000% surge may appear overly ambitious, given that the Dogecoin price has only ever hit a peak of $0.73 and has consistently traded below $1 since its inception.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Dogeusdt Crypto News Dogecoin news Dogecoin Dogecoin price Dogecoin Doge price Dogeusd DOGE news Doge

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 19:30:58 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23441849

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #105

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