IntoTheBlock data shows that Dogecoin (DOGE) has more than 90 million addresses. This number includes all addresses that have ever held Dogecoin or currently hold it. At the moment, there are 90.34 million Dogecoin addresses.
According to IntoTheBlock, there is a difference between total addresses and addresses that have funds in them (holders). This group includes addresses that are actively holding DOGE.
Dogecoin Address Growth Trends
It takes into account situations where users hold funds in multiple addresses for safety reasons or where swaps combine user funds into a single address. At the moment, 6.5 million DOGE addresses have a balance, while 83.84 million addresses have a balance of zero, which means they used to own Dogecoin.
The steady rise in the number of addresses with a balance in 2024 shows that more people are interested in and investing in Dogecoin. A growing number of addresses with a balance shows that the user base is stable and growing.
Dogecoin has gone up 1.11% in the last seven days and 0.52% in the last 24 hours, when it was selling at $0.124. It ended the day on June 18 worth $0.128, below the important daily SMA 200. This started a phase of consolidation below this key mark.
If bulls want to make a comeback, they need to break above the daily SMA 200 at $0.128, and they might go after the daily SMA 50 at $0.15 to break out of the recent trading range.
The range-bound movement between $0.12 and $0.18 could last longer if this support is not broken. If the price drops below $0.12, it could mean that bears are in charge, and the price could go down to $0.10 before it meets positive support.
