{"id":3193,"date":"2025-02-28T05:11:08","date_gmt":"2025-02-28T05:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/dogecoin-sees-95-drop-in-network-activity-trouble-ahead\/"},"modified":"2025-02-28T05:11:08","modified_gmt":"2025-02-28T05:11:08","slug":"dogecoin-sees-95-drop-in-network-activity-trouble-ahead","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/dogecoin-sees-95-drop-in-network-activity-trouble-ahead\/","title":{"rendered":"Dogecoin Sees 95% Drop In Network Activity\u2014Trouble Ahead?"},"content":{"rendered":"

Dogecoin, the industry\u2019s premier meme coin, has consistently led most altcoins in price performance in recent months. However, it faces its toughest challenge amidst falling network activity and a price slump. <\/p>\n

According to an analyst, Dogecoin experienced a massive 95% drop<\/a> in active addresses on its network, suggesting a considerable decline in activity.<\/p>\n

\n

#Dogecoin<\/a> $DOGE<\/a> network activity has declined by 95%, dropping from 2.66 million active addresses in November to just 130,282 today! pic.twitter.com\/SlH3qTuMP6<\/a><\/p>\n

\u2014 Ali (@ali_charts) February 25, 2025<\/a><\/p>\n<\/blockquote>\n

Should Dogecoin Holders Worry?<\/strong><\/h2>\n

As Dogecoin\u2019s price starts to recover, its network activity suffered. Crypto expert Ali Martinez notes the decline in the network activity, sharing that the drop in the number of active addresses began three months ago.<\/p>\n

\"\"<\/p>\n

According to Martinez, the Dogecoin network registered 1,292,770 new active addresses by November 21st, 2024. The number soon surged to 2.4 million active addresses, but this number immediately dropped. Between December 2024 and February 2025, the number of addresses dropped by around 95%.\u00a0<\/p>\n

Meanwhile, Dogecoin\u2019s price has declined<\/a> substantially in the last few days, with holders incurring losses. The popular meme coin is currently trading at $0.2077, a slight improvement from its $0.1977 price a few hours ago. Despite DOGE’s minimal gains, it\u2019s still down from last week\u2019s performance.<\/p>\n

Drop In Network Activity<\/strong><\/h2>\n

On February 23rd, it was noted that the network only had 30,815 new addresses, confirming the slide in network activity. The decrease in Dogecoin\u2019s network activity was reflected in its price movement, which dipped from $0.4868 to $0.196. With price dipping and a decline in network activity, many commentators argued it\u2019s a sign of weak demand for Dogecoin.<\/p>\n

<\/p>\n

According to one data, there\u2019s a 2.67% decline in the percentage of long-term Dogecoin investors, which means a less accumulation. Also, there\u2019s a drop of 11.81% in mid-term coin holders, meaning they have already exited their positions. <\/p>\n

Finally, the data indicates a 107.45% increase in short-term holders, which suggests an increase in speculative trading.\u00a0 This information shows that Dogecoin traders are more interested in short-term and speculative trading activities than long-term investment.<\/p>\n

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DOGE is starting its big move!<\/p>\n

Heading to $5 soon.$DOGE<\/a> #DOGE<\/a> #Dogecoin<\/a> #Memecoin<\/a> pic.twitter.com\/VaztdMxmSn<\/a><\/p>\n

\u2014 @CryptoELlTES (@CryptooELITES) February 25, 2025<\/a><\/p>\n<\/blockquote>\n

DOGE Price Targets<\/strong><\/p>\n

Although Dogecoin\u2019s price is currently down, a few commentators expect a rebound<\/a> soon. According to CryptoELITES, Dogecoin is up for a rebound, and poised to hit a new higher target.<\/p>\n

\"\"<\/p>\n

The analyst offered three price targets for Dogecoin: $0.75, $1.5, and $5.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin, the industry\u2019s premier meme coin, has consistently led most altcoins in price performance in recent months. However, it faces its toughest challenge amidst falling network activity and a price slump. According to an analyst, Dogecoin experienced a massive 95% drop in active addresses on its network, suggesting a considerable decline in activity. #Dogecoin $DOGE…<\/p>\n","protected":false},"author":1,"featured_media":3194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[219],"tags":[220,98,254,133,132,141],"class_list":["post-3193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoin","tag-altcoins","tag-cryptocurrency","tag-doge","tag-dogecoin","tag-meme-coins"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3193"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3194"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}