Dogecoin has surpassed 90 million mark on all DOGE addresses ever created at one point
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For Dogecoin, the total number of addresses with a balance is currently 6.5 million. A total of 83.84 million represent total zero balance, which are addresses that used to hold Dogecoin but no longer do so.Against this backdrop, it is worth noting that the total number of addresses with a balance has been steadily growing since the start of 2024.
In the long run, the total number of addresses having a balance reflects interest in holding and investing in a specific crypto asset. An increasing number of addresses with a balance is beneficial because it indicates a more robust and expanding user base.Dogecoin broke and closed below the daily SMA 200 at $0.128 on June 18, and it has since been consolidating or trading in a range below this critical milestone.The bulls will need to push the price above the daily SMA 200 at $0.
If declines persist and the DOGE price falls significantly and breaks below $0.12, it may indicate that bears are in command. That might spark a downward move toward $0.10, where the bulls will once again attempt to halt the slide.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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