Dogecoin Price Prediction Could Accelerate as Transaction Volume Approaches 3-Month High
Dogecoin (DOGE) prices may have gotten the boost they need to start a rally, as the number of transactions on the network has increased significantly.
This upward trend in activity indicates growing interest in the meme coin. But will this translate into a significant price increase?
Dogecoin Transactions Increase
According to data from IntoTheBlock, Dogecoin processed 1.93 million transactions last week, the highest since early July, indicating renewed interest in the coin. This could boost the price of DOGE, which has fallen by around 20% over the past 90 days.
However, transaction levels are still well below the peaks seen between February and March, suggesting that a rally towards DOGE’s yearly high of $0.22 is unlikely in the near future.
