The latest report by Alphractal emphasizes the strong performance of the Dogecoin network and its miners. The analysis shows positive trends in hashrate and network stability.
Dogecoin Hashrate and Network Stability
According to Alphractal, the hashrate of Dogecoin miners is approaching record levels. Indicators measuring the stability of the network are also showing positive signals.
Network Stress Index by Alphractal
The Network Stress Index developed by Alphractal currently indicates no risk signals. This composite index consists of three components:
* Fee Stress (ratio of transaction fees to market value – 40% weight), * Processing Power Stress (30-day hash rate volatility – 30% weight), * Supply Stress (7-day active supply volatility – 30% weighting).
The index is moving at low levels, indicating that the network is balanced in terms of economics, security, and activity.
Forecasts and Warnings
The analysis also highlights the company's Alpha Price Model and CVDD adjustment, which are claimed to be quite effective in identifying peaks and troughs in UTXO-based blockchains like DOGE. Currently, the CVDD peak is $0.54, but the analysis indicates that this level could be surpassed by the movement of dormant Dogecoins, potentially resulting in crossing $1. However, the report also reminds that caution should be exercised against the risks of sudden declines and mass liquidation in the crypto market, where leverage ratios are increasing.
Overall, the analysis shows that the Dogecoin network demonstrates stable results, but potential investors should consider market risks and monitor price levels.
