Dogecoin had a decent streak, along with the rest of the crypto market surging by nearly 15% in the past few weeks. The latest data suggest that the OG memecoin is once again in the spotlight, and it appears to be primed for more gains.
Prominent crypto analyst Ali Martinez observed a notable surge in DOGE transactions, which surpassed $100,000 in the past month and is consistently hitting new highs.
This uptick in on-chain activity demonstrated an increased interest in the popular meme coin from institutional players and whales, potentially gearing up for a price appreciation in the near future.
ITB’s data revealed notable spikes in the number of active addresses, which recently spiked to 106.1k, a level not seen since April this year.
The new address count also hit a six-month high of more than 61k during the same period.
The number of transactions on Dogecoin surged to a whopping $1.04 million on November 23rd, further validating the trend.
Meanwhile, a significant amount of Dogec
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