Is Dogecoin Waking Up? Critical On-Chain Metric Explodes Higher

Dogecoin rose 4% to trade at $0.14 Thursday, according to market reports. Market capitalization was about $21 billion while 24-hour trading volume hovered near $1.6 billion. The move followed renewed on-chain activity that has drawn attention from traders and analysts. Related Reading: Institutions Scoop Up 9,000 Ether, Fueling Bullish Signals Spike In Active Wallets Based on reports from BitInfoCharts, the number of daily active addresses on the Dogecoin network jumped to over 67,500 on December 3, marking the second-highest reading in the past three months. That earlier spike on September 15 came as DOGE briefly approached a local top near $0.30. At that time, network activity rose as prices climbed; today, rising wallet activity is being watched closely as prices ...