Jan 10, 2025
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Dogecoin Large Transaction Volume Jumps 41%, Daily Addresses Rise 35%
Dogecoin (DOGE) has experienced a significant increase in market activity recently. Key developments include:
- Large transaction volume surged by 41.12%, reaching $23.35 billion.
- Daily active addresses rose by over 34.91%, indicating broader user engagement.
These metrics suggest heightened interest from large-scale holders and potential institutional investors. Despite a price drop of over 2.2% to $0.33, the general sentiment remains bullish. Analysts believe these trends could signal an upcoming price rally, with predictions suggesting Dogecoin may approach the $1 mark if external factors favor this movement.
