Dogecoin Adoption Rate Touches New ATH, But Why Is This AI Bearish On DOGE Price?

Dogecoin Adoption Rate Touches New ATH, But Why Is This AI Bearish On DOGE Price?
  DOGE The Dogecoin network is on a roll after a particularly disappointing performance leading up to the end of January. Usage on the network is beginning to pick up once more after the price made its way above $0.08. New adoption saw the highest spikes, as almost 1 million new DOGE wallets were created in a 7-day period. 890,000 New Dogecoin Wallets In One Week According to data from the on-chain analytics platform, IntoTheBlock, the number of new addresses created on the Dogecoin network spiked significantly in the last seven days of January. The total number of new addresses created during this one-week period came out to a total of 890,000. However, the most interesting part is the spike that took place between January 28 and 29. Related Reading: Bitcoin Fear & Greed Index Reaches Lowest Level In Three Months, Is The Bleed Over? In the screenshot shared by IntoTheBlock on X (formerly Twitter), we can see that the majority of new wallets creation happened in a single day. The daily wallet creation went from an average of 60,000 leading up to J ..

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