A pioneer in the Shaiba competition, the bullish signals that hint on the price reflection, according to Santiment
The original Memecoin, the title of the dog, says signs of a bullish reflection.
According to For Santiment, Dogecoin (DOGE) is “indicating a possible turning point once the encryption markets” stabilizes “with an increase in the number of wallets.
“Dogecoin, like most Meme currencies, has been thrown during the two -month recovery at the encryption level. However, we recommend monitoring the rising level of wallets with at least a million dollars, which has been listened to during the discharge of prices. The active addresses are also at their highest levels.”
Santiment says that the number of Dogecoin governor bearing more than a million Doge has increased by more than 1 % since the beginning of February. In March, the largest mechanics by the market also recorded nails in the title activity, as the number rises to more than 150,000 active titles per day.
Dogecoin is trading at $ 0.166 at the time of writing, a decrease of 62 % of the highest level of 2025 at about $ 0.434.
By moving to development activity between the leading encryption projects, Santime He says There was a decrease in the number of shareholders during the past month.
“And if we operate the perspective and enlarge them until last month only, it is somewhat frustrated to see that every ecosystem in the first ten positions has brought out its feet from the gas. The events of development activity have decreased in all fields, with the vision of the universe only and Solana in the height of the shareholders.”
During the past six months, Santiment says that the only ecosystem that has increased in the number of shareholders is the optimism of the Layer-2 (OP).
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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