According to U.Today, Dogecoin (DOGE) has surpassed 90 million total addresses, a figure that includes all addresses that have ever held Dogecoin and those that continue to hold it. Total Dogecoin addresses have now reached 90.34 million. This figure is different from the total addresses with balance, which refers to all addresses that currently hold Dogecoin. The total number of addresses with a balance for Dogecoin is currently 6.5 million, while 83.84 million represents a total of addresses with zero balance, which are addresses that once held Dogecoin but no longer have it.
In certain situations, an individual may have multiple addresses for security reasons, or one address may contain the funds of multiple users, such as on centralized exchanges. These scenarios are reflected in the total number of addresses with a balance. It is worth noting that the total number of addresses with balance has been increasing steadily since the beginning of 2024, indicating a growing interest in holding and investing in Dogecoin. An increasing number of addresses with balance is beneficial as it means a stronger and expanding user base.
In terms of price action, Dogecoin is up 0.52% in the last 24 hours to $0.124, and is up 1.11% in the last seven days. Dogecoin broke and closed below the daily 200 SMA at $0.128 on June 18, and has since been consolidating or trading in a range below this critical milestone. For a strong comeback, the bulls will need to push the price above the daily SMA 200 at $0.128. This could allow Dogecoin to advance towards the daily 50 SMA at $0.15 and break out of the wider range it was previously trading within. If the price fails to rise and falls significantly below $0.12, it could indicate that the bears are in control, which could trigger a downside move towards $0.10.$DOGE
