Dogecoin

Foundation

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According to on-chain analytics firm <a href="https://twitter.com/santimentfeed/status/1784139513956294675" rel="noopener noreferrer nofollow">Santiment</a>, the number of non-empty Dogecoin wallets has increased by 13.8% over the past three months. This comes despite a recent flattening trend following an enormous rise earlier this year.
The increase in non-empty wallets indicates sustained <a href="https://u.today/dogecoin-to-1-analyst-predicts-classic-doge-pattern-breakout" rel="noopener noreferrer nofollow">Dogecoin</a> user activity, highlighting the enduring appeal of the iconic cryptocurrency.
The rise in active wallets also indicates a sustained interest in the dog-themed cryptocurrency, even as the market experiences a phase of consolidation. This suggests that despite the lack of dramatic price action, the Dogecoin community remains active and may even be expanding. <img alt="Santiment" data-entity-type="file" data-entity-uuid="a8ab6c91-7345-43e9-b759-7bf26374d1c2" src="https://u.today/sites/default/files/inline-images/28042024%200000.jpeg"><a href="https://twitter.com/santimentfeed/status/1784139513956294675/photo/1" rel="noopener noreferrer nofollow">Top Cap Asset Non-Empty Wallet, Courtesy: Santiment</a>
The Dogecoin price rallied at the start of the year, partly fueled by a frenzy of retail investor interest, peaking at highs of $0.229 on March 28.
Consequently, Dogecoin declined to enter a period of consolidation, with its price flattening out and trading within a range. Despite this apparent stabilization, the Dogecoin community remains vibrant and engaged, as evidenced by the uptick in non-empty wallets.
The growth in non-empty wallets also follows ongoing developments and initiatives aimed at expanding Dogecoin's adoption.
In late March, the Dogecoin Foundation launched v.1.0 of GigaWallet, a backend service that provides a convenient integration API for platforms such as online shops, exchanges and social media platforms to programmatically transact Dogecoin.
The increase in non-empty wallets might be a positive sign for Dogecoin, as it implies that the community is not solely driven by speculative trading but also includes users who see value in holding DOGE long-term.
At the time of writing, <a href="https://u.today/dogecoin-doge-shows-surprising-resilience-amid-market-uncertainty-heres-how" rel="noopener noreferrer nofollow">DOGE</a> was up 2.82% in the last 24 hours to $0.149, rebounding slightly after yesterday's drop to lows of $0.142. Dogecoin ranks as the eighth largest cryptocurrency, with a market cap of $21.49 billion.

Dogecoin (DOGE) Non-Empty Wallets Skyrocket by 13.8% in Months

U_Today

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