Dogecoin (DOGE) has reached an important milestone with the number of wallets surpassing 900,000.
This growth has been achieved against the backdrop of a broader recovery in the cryptocurrency market, propelling DOGE to a new significant level.
Data from IntoTheBlock shows that Dogecoin addresses have now exceeded 900,000, highlighting the continued popularity of meme cryptocurrencies. While this number may include multiple addresses for each user, it still demonstrates the solid expansion of DOGE’s coverage.
The increase in the number of addresses is part of the overall market recovery, with meme coins recently rising by 15% in the past week, indicating renewed investor confidence.
Looking ahead, experts are optimistic about the future of Dogecoin. Analyst Kaleo discusses the potential for a “super cycle” regarding meme tokens, predicting that DOGE could eventually reach the range of $1 to $2, although this may take some time.
Analyst Javon Marks predicts that DOGE could quickly reach $0.653 in the short term, which would be a significant increase from the current price of $0.118.
The rapid growth of Dogecoin addresses reflects the increasing interest in altcoins and highlights the significant role of Dogecoin in the meme domain, attracting investors and speculators seeking hopeful returns.