{"id":600132,"date":"2024-03-28T18:00:31","date_gmt":"2024-03-28T18:00:31","guid":{"rendered":"https:\/\/wncen.com\/?p=600132"},"modified":"2024-03-28T10:54:08","modified_gmt":"2024-03-28T10:54:08","slug":"dogecoin-holder-base-record","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-holder-base-record\/","title":{"rendered":"Dogecoin Holder Base Reaches New Record Amid Surge In Interest"},"content":{"rendered":"

Dogecoin has soared toward a new record in one notable metric as interest in the meme coin continues to surge<\/a>. This time around, the holder base of the cryptocurrency has reached a new all-time high, signaling rapid adoption among crypto investors.<\/p>\n

Dogecoin Holders Cross 6.9 Million<\/h2>\n

The month of March has come with glad tidings for Dogecoin. Not only has the meme coin\u2019s price risen tremendously this month, its holder base has also seen a lot of growth. This month, the total DOGE<\/a> holder base crossed 6.9 million for the very first time, setting a new record. However, the meme coin is not anywhere near done as the number continues to rise.<\/p>\n

Related Reading: Here\u2019s Why The Cardano Price Is Struggling Below $0.7<\/a><\/div>\n

According to data<\/a> from the Coincarp website, the number of Dogecoin holders on the mainnet has reached 6,932,763 as of March 28. Given the growth rate of the number of holders over the last month, the number could cross 7 million before the month of March is over.<\/p>\n

This new record is a testament to the adoption that DOGE<\/a> has witnessed over the last few months. Despite competitors such as BONK<\/a>, PEPE<\/a>, and WIF<\/a> springing out of the woodwork, as well as its fiercest rival, Shiba Inu, continuing to put up a fight, Dogecoin has dominated as the leading meme coin.<\/p>\n

To put this growth in perspective, the DOGE holder base started out the year 2024 with around 6.06 million holders. Three months later, it is more than 6.9 million, meaning that the holder base grew more than 14% during this time.<\/p>\n

DOGE Outlook Continues To Be Bullish<\/h2>\n

In addition to the rapid rise in Dogecoin holders, there has been a notable uptick in other metrics, such as daily transaction counts, whale transactions, and age consumed<\/a>. These point to a rise in bullish sentiment among investors who expect the price to keep going up.<\/p>\n

Related Reading: Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here\u2019s The Destination<\/a><\/div>\n

The age consumed is particularly important here since it shows that more investors are choosing to hold their DOGE tokens<\/a> for the longer term. This has significantly reduced the selling pressure on the meme coin, allowing it to rally at a time when most of the crypto market remains suppressed.<\/p>\n

Another metric that has shown a significant increase is the daily transaction volume which is up almost 50% in the last day. This uptick shows more interest in trading Dogecoin and with its price surging<\/a> in the last day, it suggests that the majority of this volume is skewed toward buying rather than selling.<\/p>\n

The DOGE price<\/a> is currently reflecting this surge in interest as its price is up almost 10% in the last day. However, the bears continue to maintain resistance around $0.2, forcing the meme coin back downward.<\/p>\n

\"Dogecoin<\/p>\n

DOGE price at $0.2 | Source: DOGEUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Capital.com, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Dogecoin has soared toward a new record in one notable metric as interest in the meme coin continues to surge. This time around, the holder base of the cryptocurrency has reached a new all-time high, signaling rapid adoption among crypto investors. Dogecoin Holders Cross 6.9 Million The month of March has come with glad tidings for Dogecoin. Not only has the meme coin\u2019s price risen tremendously this month, its holder base has also seen a lot of growth. This month, the total DOGE holder base crossed 6.9 million for the very first time, setting a new record. However, the meme coin is not anywhere near done as the number continues to rise. Related Reading: Here\u2019s Why The Cardano Price Is Struggling Below $0.7 According to data from the Coincarp website, the number of Dogecoin holders on the mainnet has reached 6,932,763 as of March 28. Given the growth rate of the number of holders over the last month, the number could cross 7 million before the month of March is over. This new record is a testament to the adoption that DOGE has witnessed over the last few months. Despite competitors such as BONK, PEPE, and WIF springing out of the woodwork, as well as its fiercest rival, Shiba Inu, continuing to put up a fight, Dogecoin has dominated as the leading meme coin. To put this growth in perspective, the DOGE holder base started out the year 2024 with around 6.06 million holders. Three months later, it is more than 6.9 million, meaning that the holder base grew more than 14% during this time. DOGE Outlook Continues To Be Bullish In addition to the rapid rise in Dogecoin holders, there has been a notable uptick in other metrics, such as daily transaction counts, whale transactions, and age consumed. These point to a rise in bullish sentiment among investors who expect the price to keep going up. Related Reading: Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here\u2019s The Destination The age consumed is particularly important here since it shows that more investors are choosing to hold their DOGE tokens for the longer term. This has significantly reduced the selling pressure on the meme coin, allowing it to rally at a time when most of the crypto market remains suppressed. Another metric that has shown a significant increase is the daily transaction volume which is up almost 50% in the last day. This uptick shows more interest in trading Dogecoin and with its price surging in the last day, it suggests that the majority of this volume is skewed toward buying rather than selling. The DOGE price is currently reflecting this surge in interest as its price is up almost 10% in the last day. However, the bears continue to maintain resistance around $0.2, forcing the meme coin back downward. DOGE price at $0.2 | Source: DOGEUSDT on Tradingview.com Featured image from Capital.com, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":600163,"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":[1785,86100,89174,85675,7,87891,1803,1804,79599,79600],"class_list":["post-600132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-holders","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-holders","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Holder Base Reaches New Record Amid Surge In Interest<\/title>\n<meta name=\"description\" content=\"Dogecoin has soared toward a new record in one notable metric as interest in the meme coin continues to 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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 Holder Base Reaches New Record Amid Surge In Interest","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-holder-base-record\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-holder-base-record\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Dogecoin_9fa56c.jpeg?resize=200%2C194","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Dogecoin_9fa56c.jpeg?fit=259%2C194"},"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 holders","doge news","doge price","dogecoin","dogecoin holders","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-03-28T18:00:31Z","datePublished":"2024-03-28T18:00:31Z","dateModified":"2024-03-28T18:00:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Holder Base Reaches New Record Amid Surge In Interest\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-holder-base-record\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-holder-base-record\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Dogecoin_9fa56c.jpeg?resize=200%2C194\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Dogecoin_9fa56c.jpeg?fit=259%2C194\"},\"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 holders\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin holders\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-03-28T18:00:31Z\",\"datePublished\":\"2024-03-28T18:00:31Z\",\"dateModified\":\"2024-03-28T18:00:31Z\"}<\/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_9fa56c.jpeg?fit=259%2C194","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600132"}],"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=600132"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/600163"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=600132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=600132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=600132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}