Key Dogecoin (DOGE) Indicator Soars by Almost 15% in 90 Days: Details

TL;DR

• Dogecoin has experienced a 13.8% increase in non-empty wallets over three months, correlating with a temporary spike in its value.
• Analysts predict a potential significant rise in DOGE’s price, with targets ranging up to $1, based on current trends and historical performance.

DOGE Investors on the Rise

Despite underperforming recently, some metrics related to Dogecoin have witnessed a solid resurgence. The crypto market intelligence platform Santiment revealed that non-empty DOGE wallets have risen by 13.8% in the last three months. 

A significant increase in that figure was recorded at the end of February, coinciding with the time when Dogecoin’s price started heading north. Recall that its value skyrocketed from $0.08 on February 26 to over $0.20 a month later. Currently, DOGE is worth approximately $0.14 (per CoinGecko’s data).

In addition, Santiment revealed how Bitcoin and Cardano performed on that front. BTC non-empty wallets exceeded 53.8 million, representing a 2.6% rise in 90 days, while ADA recorded a 0.01% decrease for the same period with around 53 million addresses.

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