Claim BonusDogecoin Price Eyes Rally As Wallet Addresses Reach All Time High
Highlights
- Dogecoin is steeling itself for an impressive rally as whales load up on the memecoin.
- The total number of Dogecoin addresses has soared to a new all-time high.
- Dogecoin is trading at $0.6 at the moment amid flurry of ecosystem activity.
After Dogecoin wallet addresses reached a new all-time high, analysts are tapping the memecoin to embark on a rally. Dogecoin price could spike in the coming days, buoyed by a streak of positive fundamentals and on-chain data.
Dogecoin Wallet Addresses Reaches 83.48 million
Community members are expecting Dogecoin price to surge in the coming days following a raft of positives for the memecoin. On March 4, the number of Dogecoin addresses reached an all-time high of 83.48 million, signaling strong ecosystem activity.
On-chain analyst Ali Martinez broke the milestone on X, fuelling a buzz among the community’s bulls. Rising wallet addresses are typically indicative of a spike in the number of users or new speculative interest among investors.
For now, pundits are pinning the new highs on a slew of integrations including a proposal by Cardano founder Charles Hoskinson to integrate DOGE for X payments. The proposal may have triggered the march to 83 million addresses setting the stage for a push to $1.
Whale Activity Indicates New Dogecoin Price Action
On-chain data confirms heightened Dogecoin whale activity in recent days. In the last 24 hours, whales have accumulated 180 million Dogecoins, building on a weeklong buying spree.
At the start of the week, Dogecoin whales gobbled up 910 million coins at critical levels for the memecoin, indicative of a rally for the memecoin. Dogecoin price is hovering around the $0.2 mark, rising by nearly 2% over 24 hours. Weekly charts show that Dogecoin has canceled its gains from the altcoin-themed Crypto Strategic Reserve.
Despite the all-time high for wallet addresses, Dogecoin’s daily trading volumes are down by 41.38% in what experts are terming as the lull before the storm.
Onchain analytics reveals that Dogecoin closed with a DragonFly Doji, suggestive of the reversal of its recent downtrend. Analysts say the accumulation of technicals points to a 5-fold increase in Dogecoin price in the coming months.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Coinbase Directors Faces Insider Trading Lawsuit Despite Internal Clearance of Charges
- Tennessee Advances Bitcoin Reserve Bill as Strategic BTC Adoption Grows in the U.S
- CLARITY Act Set to Progress as Coinbase and Banks Meet on Monday to Resolve Stablecoin Dispute
- CLARITY Act: Coinbase’s Brian Armstrong and JPMorgan’s Jamie Dimon Clash Over Crypto Bill
- Fed Rate Cut: Trump Signals Fed Chair Pick Kevin Warsh Will Lower Rates
- Ethereum Price Prediction As Vitalik Withdraws ETH Worth $44M- Is a Crash to $2k ahead?
- Bitcoin Price Prediction as Trump Names Kevin Warsh as new Fed Reserve Chair
- XRP Price Outlook Ahead of Possible Government Shutdown
- Ethereum and XRP Price Prediction as Odds of Trump Attack on Iran Rise
- Gold and S&P 500 Price Prediction as BTC $88K Sparks Global Risk-On Rally
- How High Can Hyperliquid Price Go in Feb 2026?
