Dogecoin’s 8 Million Holders: The Price Rollercoaster Awaits! 🎢

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Ah, the delightful world of Dogecoin (DOGE), where the canines frolic and the coins jingle! It seems our furry friend is on the cusp of a rather impressive milestone—8 million holders! Yes, you heard it right, folks! The Dogecoin user base is growing faster than a puppy chasing its tail, indicating that investor interest is as strong as a bulldog’s grip on a chew toy. 🐶

According to the esteemed on-chain analytics firm Santiment (which sounds like a fancy name for a dog grooming service), Dogecoin currently boasts a staggering 7.97 million holders. This little coin is strutting its stuff as one of the most widely adopted cryptocurrencies in the market, and who can blame it? It’s got charm, it’s got pizzazz, and it’s got a picture of a Shiba Inu on it! 🐕

📈 As the crypto markets attempt to rally at the end of the work week, crypto networks continue to grow over time. Here are the total amount of holders for select top caps:

🪙 Ethereum $ETH: 148.38M Holders
🪙 Bitcoin $BTC: 55.39M Holders
🪙 Dogecoin $DOGE: 7.97M Holders
🪙 Tether…

— Santiment (@santimentfeed) June 6, 2025

Now, aside from the big shots like Ethereum and Bitcoin, which have a jaw-dropping 148.38 million and 55.39 million holders respectively, Dogecoin is leading the pack among major cryptocurrencies in terms of holder count. It’s like the underdog that’s suddenly become the top dog! 🐾

Holder count, dear reader, is a key indicator of network health. In the long run, the total number of addresses with a balance reflects the interest in holding and investing in a specific crypto asset. Think of it as the popularity contest of the crypto world—who knew digital coins could be so social?

In shorter time frames, the total number of addresses with a balance might provide insight into trader positioning and perhaps be a leading indicator of price activity. It’s like trying to predict the weather by watching the squirrels gather nuts—sometimes you just have to take a wild guess!

What to expect for Dogecoin price?

After an early sell-off that had all the drama of a soap opera, the larger crypto market seems to be attempting a relief rally as the workweek draws to a close. Dogecoin, bless its little heart, was not exempt from this rebound, rising a delightful 4.02% in the last 24 hours to a princely $0.187. It bounced back on Friday after a three-day drop that saw it hit lows of $0.168, and the recovery continued on Saturday like a phoenix rising from the ashes—or perhaps more like a dog shaking off water after a bath.

Analysts, those wise sages of the financial realm, now see $0.20 as an intermediate resistance level for DOGE, coinciding with the daily SMA 50. If Dogecoin breaks above that level on high volume, the increasing holder count may enhance upward momentum. It’s like watching a dog chase a squirrel—exciting and full of potential!

Dogecoin continues to swing in a wide range between $0.14 and $0.26. The next trending move could start with a breach below $0.14 or over $0.26. If the $0.14 level falls, Dogecoin might plummet to $0.10, which would be a bit of a doggone disaster. On the upside, a break above $0.26 may send Dogecoin to a dazzling $0.38. So, hold onto your hats, folks; it’s going to be a bumpy ride!

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2025-06-07 18:28