Dogecoin (DOGE) Adds 7.57% More Holders in 90 Days
Despite the recent drop in the value of Dogecoin (DOGE) and its 24-hour trading volume being overtaken by the meme-inspired cryptocurrency Pepe (PEPE), DOGE's number of holders has continued to grow.
In fact, according to CoinMarketCap data from May 2, there were a total of 4,824,266 unique addresses holding Dogecoin, up from 4,484,703 on February 2, 2023. This indicates that DOGE has gained 339,563 new holders, or a 7.57% increase, in just the last 90 days.
However, despite the growth in its number of holders, the price of DOGE has declined 15% in the last 90 days, dropping from $0.09215 on February 2 to $0.07832 at press time.
Additionally, DOGE’s current price shows a decrease of 0.66% on the day, 0.63% across the previous week, 4.25% in the last month, and 2.71% over the past 60 days.
Nonetheless, since the beginning of the year, DOGE has seen an increase of 11.42% compared to its price of $0.07029 on January 1, 2023.
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It’s worth noting that DOGE is currently facing strong competition from new meme-inspired digital coins such as Pepe (PEPE), Floki (FLOKI), Tamadoge (TAMA), Baby Doge (BABYDOGE), and Dogelon Mars (ELON).
These coins threaten to overshadow both DOGE and Shiba Inu (SHIB) with their potential for massive growth in 2023. Nonetheless, DOGE’s continued growth in the number of its holders indicates that there is still a strong interest in this digital asset.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
