Dogecoin (DOGE) continues to gain popularity, nearing a significant milestone of 8 million holders. This indicates a growing interest among investors and widespread adoption of the cryptocurrency.
Growth of Dogecoin Holders
According to data from the analytics firm Santiment, the number of Dogecoin holders has reached 7.97 million, reinforcing its status as one of the most widely accepted cryptocurrencies in the market.
Comparison with Other Cryptocurrencies
Compared to other leading cryptocurrencies, Dogecoin ranks third in holder count. Ethereum has 148.38 million holders, while Bitcoin has 55.39 million. This makes Dogecoin a leader in its segment.
Price Forecasts for Dogecoin
Following a brief sell-off, the cryptocurrency market has shown signs of recovery. Dogecoin has risen by 4.02% in the last 24 hours to $0.187. Analysts expect the resistance level at $0.20 to be crucial for further price increases.
The overall increase in the number of Dogecoin holders, combined with current price trends, may signal positive market sentiment and potential price growth in the future.
