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The cryptocurrency industry consists of a wide range of investors. From retail to institutional investors, the market benefits from them all. But whales certainly stand out due to the magnitude of their investments. They also fill the market with confidence or even panic due to their actions. The Dogecoin (DOGE) market recently got a boost of confidence following the latest activity of these large investors. Also Read: Major Economy Rejects De-Dollarization, Embraces the US Dollar Diving Into Dogecoin’s Current Market Source: Watcher Guru Dogecoin was seen slowly leaving the bears behind and embracing recovery. Over the past 24 hours, the OG meme coin recorded a rise of 1.12%. At the time of writing, DOGE was trading at $0.1679. Source: CoinMarketCap Despite its notable gain throughout the last few months of 2024, DOGE was seen struggling. The asset ended 2024 at a high of $0.4672 but it dipped to a low of $0.1453 earlier this month. Throughout the past 30 days alone, the meme coi...

Bitcoin lacks both active address growth and significant on-chain volume in a divergence from previous BTC price bull markets. Bitcoin (BTC) still lacks the on-chain volume and active address increases which characterize bull markets, research warns. In a frank appraisal of the 2023 BTC price rebound, on-chain analytics platform CryptoQuant warned that Bitcoin may be weaker than it seems. Active addresses not copying bull market paradigm As on-chain metrics flip green and some even flash bull signals not seen in years, a healthy dose of suspicion remains among many analysts. CryptoQuant contributor Yonsei_dent is among them, writing in one of the platform’s Quicktake blog posts this week that 2023 does not chime with previous bull markets. The problem, he explains, lies in active addresses, which are not increasing in number despite BTC/USD gaining almost 50% year-to-date. “Active Addresses is a metric that includes all addresses sending and receiving BTC, providing a look at how a...