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Dogecoin, the leading Meme currency in the industry, has been constantly most of Altcoins in prices in recent months. However, it faces the most difficult challenge amid a decrease in network activity and price decline.
According to an analyst, Dukwin witnessed huge 95 % decrease In the active headlines on its network, indicating a significant decrease in activity.
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#DogeCoin $ Doge The network activity decreased by 95 %, as it decreased from 2.66 million active addresses in November to only 130,282! pic.twitter.com/slh3qtump6
Ali (ali_charts) February 25, 2025
Should Dogoin holders worry?
When the price of Dogecoin begins to recover, the network activity has suffered. Crypto expert on Martinez notes the decrease in the network activity, sharing that the decrease in the number of active titles started three months ago.
According to Martinez, Dogecoin has recorded 1,292,770 new active addresses by November 21, 2024. The number soon rose to 2.4 million active addresses, but this number decreased immediately. Between December 2024 and February 2025, the number of titles decreased by 95 %.
At the same time, the price of Dukwin Decline To a large extent in the past few days, with holders of incurring losses. The famous MEME is currently trading at $ 0.2077, and it is a slight improvement of its price of $ 0.1977 a few hours ago. Despite Dog’s gains, it is still retreating from last week’s performance.
Decrease in the network activity
On February 23, it was noted that the network had only 30,815 new addresses, confirming the slide in the network activity. The decrease in the activity of Dogecoin network in price movement, which decreased from 0.4868 dollars to $ 0.196. While dipping prices and declining network activity, many commentators have argued that it is a sign of weak demand for Dogecoin.
According to one data, there is a 2.67 % decrease in the percentage of Dogecoin investors in the long run, which means less accumulation. Also, there is a decrease of 11.81 % in currency holders in the middle of the period, which means that they have already left their positions.
Finally, data indicates an increase of 107.45 % in short -term holders, indicating an increase in speculative trading. This information shows that Dogecoin merchants are more interested in short -term trading activities and speculating than long -term investment.
Dog begins his big step!
He heads to $ 5 soon.$ Doge #Doge #DogeCoin #MEMECOIN pic.twitter.com/vaztdmxmsn
– Cryptoelltes (Cryptools) February 25, 2025
Doug’s price goals
Despite the decrease in the price of Dogecoin currently, a few commentators expect A. recovery almost. According to Cryptoelites, Dogecoin is up to the apostasy, and is preparing to strike a higher new goal.
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The analyst offers three prices for Dogecoin: $ 0.75, $ 1.5, and $ 5.
Distinctive photo of Pexels, tradingView graph
