Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy

Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy
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.  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’s 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.  Dogecoin also set a new record in January alone when 247,240 new DOGE ..

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