{"id":598652,"date":"2024-03-19T15:00:09","date_gmt":"2024-03-19T15:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=598652"},"modified":"2024-03-19T11:32:57","modified_gmt":"2024-03-19T11:32:57","slug":"dogecoin-growth-holder-activity","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-growth-holder-activity\/","title":{"rendered":"Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy"},"content":{"rendered":"

The Dogecoin (DOGE) network<\/span><\/a> has entered a period of stagnancy, as the number of addresses holding the meme coin has slowed. This is a stark contrast to February and January, when the network experienced a <\/span>significant expansion<\/span><\/a>.\u00a0<\/span><\/p>\n

Dogecoin Has Added Only 60,000 New Addresses In March<\/h2>\n

Data<\/span><\/a> from the <\/span>market intelligence platform Santiment<\/span><\/a> shows that the total number of DOGE holders has increased by only 60,000 since the beginning of this month. At the start of the month, 6.51 million users were holding the meme coin, with this figure only increasing to 6.57 million since then.<\/span><\/p>\n

Related Reading: Bitcoin Whales Enter Full Accumulation Mode: Here\u2019s How Much BTC They Pulled From Exchanges<\/a><\/div>\n

This is unlike February when the total number of DOGE holders rose from 5.92 million to 6.51 million. Specifically, around this same time last month, the network had already seen an increase of 450,000 in the total number of addresses holding DOGE. Meanwhile, NewsBTC <\/span>reported<\/span><\/a> that over 400,000 new addresses were added in two weeks between January and February.\u00a0<\/span><\/p>\n

Dogecoin also set a new record in January alone when <\/span>247,240 new DOGE addresses<\/span><\/a> were created on January 29. <\/span>Crypto analyst Ali Martinez<\/span><\/a> noted that a sustained uptrend in the network\u2019s expansion \u201ccould soon reflect positively\u201d on DOGE\u2019s price. That underscores how significant the number of addresses holding the meme coin is.\u00a0<\/span><\/p>\n

The stagnancy in Dogecoin\u2019s holder activity might also come as a surprise to some in the crypto community, considering the <\/span>meme coin frenzy<\/span><\/a> that has taken the crypto space by storm. However, a plausible explanation is that meme coin traders aren\u2019t necessarily invested in the prominent meme tokens but have their eyes on the undervalued gems.\u00a0<\/span><\/p>\n

How Other Top Meme Coins Have Fared<\/h2>\n

Data from Santiment also shows that the other two meme coins, <\/span>Shiba Inu (SHIB) and Pepe (PEPE)<\/span><\/a>, which make up the top three largest meme coins by market cap, haven\u2019t fared better. <\/span>Shiba Inu<\/span><\/a> hasn\u2019t seen its holder count increase since the beginning of the month, with the total number of users holding the meme coin still at 1.38 million.\u00a0<\/span><\/p>\n

Related Reading: Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern<\/a><\/div>\n

On the other hand, <\/span>PEPE<\/span><\/a> still has less than 200,000 holders despite boasting a year-to-date (YTD) gain of over 370%. These figures place <\/span>DOGE firmly ahead<\/span><\/a> of SHIB and PEPE in terms of the number of users they all have. Dogecoin is expected to see its user base pick up once again as soon as there is a renewed interest in network functionalities like the <\/span>Doginals<\/span><\/a>.\u00a0<\/span><\/p>\n

At the time of writing, DOGE is trading at around $0.12, down almost 14% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Dogecoin<\/p>\n

DOGE price at $0.12 | Source: DOGEUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Vietnam Insider, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Dogecoin (DOGE) network has entered a period of stagnancy, as the number of addresses holding the meme coin has slowed. This is a stark contrast to February and January, when the network experienced a significant expansion.\u00a0 Dogecoin Has Added Only 60,000 New Addresses In March Data from the market intelligence platform Santiment shows that the total number of DOGE holders has increased by only 60,000 since the beginning of this month. At the start of the month, 6.51 million users were holding the meme coin, with this figure only increasing to 6.57 million since then. Related Reading: Bitcoin Whales Enter Full Accumulation Mode: Here\u2019s How Much BTC They Pulled From Exchanges This is unlike February when the total number of DOGE holders rose from 5.92 million to 6.51 million. Specifically, around this same time last month, the network had already seen an increase of 450,000 in the total number of addresses holding DOGE. Meanwhile, NewsBTC reported that over 400,000 new addresses were added in two weeks between January and February.\u00a0 Dogecoin also set a new record in January alone when 247,240 new DOGE addresses were created on January 29. Crypto analyst Ali Martinez noted that a sustained uptrend in the network\u2019s expansion \u201ccould soon reflect positively\u201d on DOGE\u2019s price. That underscores how significant the number of addresses holding the meme coin is.\u00a0 The stagnancy in Dogecoin\u2019s holder activity might also come as a surprise to some in the crypto community, considering the meme coin frenzy that has taken the crypto space by storm. However, a plausible explanation is that meme coin traders aren\u2019t necessarily invested in the prominent meme tokens but have their eyes on the undervalued gems.\u00a0 How Other Top Meme Coins Have Fared Data from Santiment also shows that the other two meme coins, Shiba Inu (SHIB) and Pepe (PEPE), which make up the top three largest meme coins by market cap, haven\u2019t fared better. Shiba Inu hasn\u2019t seen its holder count increase since the beginning of the month, with the total number of users holding the meme coin still at 1.38 million.\u00a0 Related Reading: Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern On the other hand, PEPE still has less than 200,000 holders despite boasting a year-to-date (YTD) gain of over 370%. These figures place DOGE firmly ahead of SHIB and PEPE in terms of the number of users they all have. Dogecoin is expected to see its user base pick up once again as soon as there is a renewed interest in network functionalities like the Doginals.\u00a0 At the time of writing, DOGE is trading at around $0.12, down almost 14% in the last 24 hours, according to data from CoinMarketCap.\u00a0 DOGE price at $0.12 | Source: DOGEUSDT on Tradingview.com Featured image from Vietnam Insider, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":598657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,89174,85675,7,91883,1803,1804,79599,79600],"class_list":["post-598652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-growth","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy<\/title>\n<meta name=\"description\" content=\"The Dogecoin (DOGE) network has entered a period of stagnancy, as the number of addresses holding the meme coin has slowed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-growth-holder-activity\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-growth-holder-activity\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Dogecoin_d9059e.jpeg?resize=200%2C168","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Dogecoin_d9059e.jpeg?fit=300%2C168"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","doge news","doge price","dogecoin","dogecoin growth","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-03-19T15:00:09Z","datePublished":"2024-03-19T15:00:09Z","dateModified":"2024-03-19T15:00:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-growth-holder-activity\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-growth-holder-activity\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Dogecoin_d9059e.jpeg?resize=200%2C168\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Dogecoin_d9059e.jpeg?fit=300%2C168\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin growth\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-03-19T15:00:09Z\",\"datePublished\":\"2024-03-19T15:00:09Z\",\"dateModified\":\"2024-03-19T15:00:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Dogecoin_d9059e.jpeg?fit=300%2C168","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/598652"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=598652"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/598652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/598657"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=598652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=598652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=598652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}