According to U.Today, Dogecoin (DOGE) has exceeded 90 million in total addresses, a figure that includes all addresses that have ever held Dogecoin and those that continue to do so. The total addresses for Dogecoin have now reached 90.34 million. This figure is distinct from the total addresses with a balance, which refers to all addresses currently holding Dogecoin. The total number of addresses with a balance for Dogecoin is currently 6.5 million, while 83.84 million represent total zero balance addresses, which are addresses that once held Dogecoin but no longer do.
In certain situations, one individual may have multiple addresses for security reasons, or one address may hold the funds of various users, such as in centralized exchanges. These scenarios are reflected in the number of total addresses with a balance. It's worth noting that the total number of addresses with a balance has been steadily increasing since the beginning of 2024, indicating a growing interest in holding and investing in Dogecoin. An increasing number of addresses with a balance is beneficial as it signifies a more robust and expanding user base.
In terms of price action, Dogecoin was up 0.52% in the last 24 hours to $0.124, and it has increased by 1.11% in the last seven days. Dogecoin broke and closed below the daily SMA 200 at $0.128 on June 18, and it 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 potentially allow Dogecoin to advance to the daily SMA 50 at $0.15 and break out of the broader range in which it previously traded. If the price fails to rise and falls significantly below $0.12, it could indicate that bears are in control, potentially triggering a downward move toward $0.10.
