The post Dogecoin Aims For $0.2 As Profitable Addresses Hit 2-Year High! Here’s The Next Level For DOGE Price appeared first on Coinpedia Fintech News
In recent days, DOGE price has experienced a slight surge, tracking alongside Bitcoin’s move towards the $43K mark. With an uptick in buying interest around current dip, the sentiment is set for a possible breakout for the meme coin. This momentum is supported by various on-chain indicators, particularly the notable increase in profitable Dogecoin addresses, which have reached their highest level in two years.
Return In Long-Term DOGE Holders’ Confidence
In the past month, Dogecoin has seen a notable increase of over 22% in its value, pushing the confidence of meme investors. As the price of Dogecoin increased, so too did the selling pressure from its holders.
The IntoTheBlock chart shows a significant change in Dogecoin miners’ reserves. On November 24, these reserves were at 4.67 billion Dogecoin. However, on December 15, it de
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