Dogecoin Active Users Rise 32%, Will DOGE Price Follow Suit?
Dogecoin has been stagnant in price this month, as the entire cryptocurrency market is in a bearish state. However, DOGE active users remain high, recently rising as much as 32%. With the boost in activity around the meme coin, will its price also rise as the month closes out? According to IntoTheBlock data, Dogecoin has seen a 32% surge in daily active addresses over the last 24 hours. Transactional activity has remained steady around DOGE for a slow year. Multiple crypto experts have been stumped as to why the leading meme coin hasn’t had as big of a growth as rival meme coins SHIB and FLOKI. At press time, the asset is in a precarious position, trading barely over $0.10. In addition, a recent IntoTheBlock Analysis also revealed that most DOGE holders are in a profit. This correlates to why trading activity is up, perhaps indicating holders taking advantage of their profits. Will Dogecoin Rise at the end Of August? Also Read: Ripple XRP Can Now Be Used To Buy Gold Typically, p...