Dogecoin $DOGE , the iconic cryptocurrency inspired by the Shiba Inu, is at a crucial point that could trigger a new phase of growth. A recent study uncovers an optimistic signal, often ignored by investors, that anticipates a significant increase in the value of DOGE in the near future. The 'Mean Dollar Invested Age' is a barometer that assesses the average age of each dollar invested in a cryptocurrency. This index is analogous to the 'Mean Coin Age,' which calculates the average age of tokens in circulation.
Using on-chain data, the Mean Coin Age transforms coins to their value in US dollars at the time of their last transaction. This phenomenon reveals that the oldest and inactive wallets within the crypto ecosystem are reactivating their digital assets. This movement energizes network activity and can be interpreted in two ways: either long-term holders (HODLers) are liquidating their holdings, or new capital is entering the market, acquiring these inactive coins and consequently decreasing the mean age. Dogecoin (DOGE), in particular, stands out for the speed and magnitude of this decline, suggesting a surge in activity and a potential price rebound in the future.