{"id":113761,"date":"2024-10-13T18:37:58","date_gmt":"2024-10-13T11:37:58","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=113761"},"modified":"2024-10-13T18:37:58","modified_gmt":"2024-10-13T11:37:58","slug":"dogecoin-usage-hits-this-major-milestone-how-will-doge-benefit","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=113761","title":{"rendered":"Dogecoin usage hits THIS major milestone: How will DOGE benefit?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">DOGE addresses and its velocity increased sharply in the recent past.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Analysis revealed that the memecoin was testing a crucial resistance.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Dogecoin [DOGE]<\/span><\/a><span style=\"font-weight: 400;\"> has achieved a remarkable milestone in the recent past related to its network usage. This milestone clearly reflected a rise in adoption. While that happened, the memecoin\u2019s price also gained bullish momentum.\u00a0<\/span><\/p>\n<h2><b>Dogecoin\u2019s network activity on FIRE!<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Ali, a popular crypto analyst, recently posted a <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/1845153119224651971?t=syjUUzUBYy1I9R8T2eFY3A&amp;s=19\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> revealing an interesting development. As per the tweet, addresses recently surged to 133,880. This was a major development, as the number was the highest level in eight months. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, AMBCrypto\u2019s analysis of Santiment\u2019s data also revealed a similar scenario. We found that DOGE\u2019s velocity increased last month, meaning that DOGE was used more often in transactions within a set timeframe. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To back that, the memecoin\u2019s transaction count also followed a similar increasing route last month. All of these developments indicated a rise in DOGE usage.\u00a0<\/span><\/p>\n<div id=\"attachment_432595\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432595\" class=\"wp-image-432595 size-full\" alt=\"Dogecoin's velocity increased\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432595\" class=\"wp-image-432595 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024.png\" alt=\"Dogecoin's velocity increased\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.36.52-13-Oct-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432595\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h2><b>How is DOGE doing?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As per <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, DOGE\u2019s weekly and daily charts remained green. At press time, DOGE was trading at $0.1115. Notably, AMBCrypto <\/span><a href=\"https:\/\/ambcrypto.com\/dogecoin-price-prediction-doges-short-term-price-targets-will-include\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> earlier that the world\u2019s largest memecoin was in a consolidation phase. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, AMBCrypto planned to dig deeper again to find out whether things could change in the coming days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our analysis revealed that whales were actively trading the memecoin. <\/span><span style=\"font-weight: 400;\">This was evident from the stable number of whale transaction counts throughout the last week. Moreover, Dogecoin\u2019s MVRV ratio also increased. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, the metric had a value of 1.2%. Though the figure was not up to the mark, the improvement in it suggested a change in market trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, DOGE\u2019s Weighted Sentiment declined in the last few days, indicating that bearish sentiment around an asset is increasing.\u00a0<\/span><\/p>\n<div id=\"attachment_432596\" style=\"width: 3850px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432596\" class=\"wp-image-432596 size-full\" alt=\"DOGE's MVRV ratio improved \" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 3840px) 100vw, 3840px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432596\" class=\"wp-image-432596 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024.png\" alt=\"DOGE's MVRV ratio improved \" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Dogecoin-DOGE-10.43.48-13-Oct-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 3840px) 100vw, 3840px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432596\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Additionally, we also found that at the time of writing, Dogecoin\u2019s <\/span><a href=\"https:\/\/cfgi.io\/doge-fear-greed-index\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">Fear and Greed Index<\/span><\/a><span style=\"font-weight: 400;\"> was in the \u201cgreed\u201d phase. Generally, when the index hits this level, it indicates an upcoming price drop. <\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/dogecoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Dogecoin\u2019s [DOGE] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024\u20132025\u00a0\u00a0<\/span><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">According to our analysis, DOGE was testing a crucial resistance at press time. A successful breakout could result in Dogecoin moving once again towards $0.13.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the bears take control of the market, then the memecoin might witness a correction, in turn, plummeting to $0.10. A drop under that mark could push Dogecoin further down to $0.094 in the coming weeks.\u00a0<\/span><\/p>\n<div id=\"attachment_432597\" style=\"width: 2720px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432597\" class=\"wp-image-432597 size-full\" alt=\"\" width=\"2710\" height=\"1516\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-1536x859.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-2048x1146.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-1200x671.png 1200w\" data-lazy-sizes=\"(max-width: 2710px) 100vw, 2710px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432597\" class=\"wp-image-432597 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49.png\" alt=\"\" width=\"2710\" height=\"1516\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-1536x859.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-2048x1146.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/DOGEUSDT_2024-10-13_10-52-49-1200x671.png 1200w\" sizes=\"auto, (max-width: 2710px) 100vw, 2710px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432597\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\nNext: <a href=\"https:\/\/ambcrypto.com\/will-sand-breakout-rally-15-assessing-key-factors\/\" rel=\"prev\" data-wpel-link=\"internal\">Will SAND breakout, rally 15%? Assessing key factors<\/a> <\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/dogecoin-usage-hits-this-major-milestone-how-will-doge-benefit\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DOGE addresses and its velocity increased sharply in the recent past.\u00a0 Analysis revealed that the memecoin was testing a crucial resistance.\u00a0 Dogecoin [DOGE] has achieved a remarkable milestone in the &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=113761\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-113761","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113761"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113761\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}