Key Dogecoin (DOGE) Indicator Soars by Almost 15% in 90 Days: Details

Bitbuy
Key Dogecoin (DOGE) Indicator Soars by Almost 15% in 90 Days: Details
Binance


TL;DR

Dogecoin has experienced a 13.8% increase in non-empty wallets over three months, correlating with a temporary spike in its value.
Analysts predict a potential significant rise in DOGE’s price, with targets ranging up to $1, based on current trends and historical performance.

DOGE Investors on the Rise

Despite underperforming recently, some metrics related to Dogecoin have witnessed a solid resurgence. The crypto market intelligence platform Santiment revealed that non-empty DOGE wallets have risen by 13.8% in the last three months. 

A significant increase in that figure was recorded at the end of February, coinciding with the time when Dogecoin’s price started heading north. Recall that its value skyrocketed from $0.08 on February 26 to over $0.20 a month later. Currently, DOGE is worth approximately $0.14 (per CoinGecko’s data).

Tokenmetrics

In addition, Santiment revealed how Bitcoin and Cardano performed on that front. BTC non-empty wallets exceeded 53.8 million, representing a 2.6% rise in 90 days, while ADA recorded a 0.01% decrease for the same period with around 53 million addresses.

DOGE Price Predictions

The crypto space is full of analysts who are pretty optimistic that Dogecoin’s valuation will take off in the near future. The X user Ali Martinez recently suggested that the meme coin has entered a consolidation phase after previously following a “descending triangle.” He claimed that DOGE could hit the $1 milestone if mirroring its performance from years ago.

JAVON MARKS and Mikybull Crypto were bullish, too. The former described Dogecoin’s correction as a “healthy pullback,” reminding the token’s impressive price growth since the start of the year. 

“With prices still holding broken out, pullbacks may only assist prices in a >315% uphill run to the $0.6553 target,” the analyst envisioned.

 

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