Dogecoin (DOGE) rally on the way: Famous analyst surprises with his prediction!

While #DOGECOİN ($DOGE ) network activity is increasing, famous crypto analyst Ali Martinez's comment has excited.

Dogecoin (DOGE) has experienced a significant increase in network activity as the market has started to rise. This development shows that crypto investors are showing more demand for DOGE. The popular memecoin is trading at $ 0.32 as of the writing of the news and has increased by 2.83 percent in the last 24 hours.

Dogecoin's address activity has shown a remarkable increase in the last seven days. New addresses increased by 102 percent and active addresses by 111 percent. The data in question shows an increase in user participation and new participants joining the ecosystem.

However, despite this increase in address metrics, Dogecoin's transaction activity does not show the same rate of increase. The daily transaction number has fallen below 40,000, which shows that its usage areas are limited. Despite more users joining the network, the low transaction volume indicates that Dogecoin has not yet been fully adopted. However, with the increase in transaction volume, a new bull run may begin in $DOGE .

Ali Martinez, known for his cryptocurrency analyses, attracted attention with his Dogecoin analysis on X (formerly Twitter). Referring to DOGE's past price movements, the analyst stated that a new rally may be on the way. According to Martinez, the popular memecoin rose sharply in 2017 and 2021 and experienced a correction of 40-50 percent.

When we look at the current process, DOGE made a sharp rise in 2024 and retreated by 46 percent. Based on these developments, Martinez stated that a new rally may be on the way.