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The number of new daily DOGE addresses has increased by a factor of 265%.
#Dogecoin price dropped ~15% in the last 2 months, from $0.082 to $0.068. Meanwhile, the # of new daily $DOGE addresses surged by 265%, from 14.47K to 38.43K new addresses per day.
The increasing network growth is a positive sign, which could soon be reflected in #DOGE price. pic.twitter.com/8gwceJVARw
— Ali Martinez (@ali_charts) July 29, 2022
Statistics reveal that the number of new daily $DOGE addresses has increased by 265 percent, going from 14.47K to 38.43K new addresses each day. The rising network growth is a promising indicator, and it may not be long until this is reflected in the price of DOGE.
In general, Dogecoin has had a really eventful week this past week. The official Twitter account for Memecoin just announced that it has created a website and added a Dogepedia page to it. It is claimed that this may be used as a weapon against fear, uncertainty, and uncertainty (FUD).
This has been an exciting week for #Dogecoin! Core received a significant upgrade & the new https://t.co/npxXeKLtIR website was revealed with the addition of the Dogepedia page launched to help fight the FUD! Drop your best memes of the week below celebrating these achievements! pic.twitter.com/LfRF0rfQLB
— Dogecoin (@dogecoin) July 28, 2022
Dogepedia is an exhaustive database covering all aspects of Dogecoin, including instructions and frequently asked questions. However, in contrast to Wikipedia, the material is not created by users, and it cannot be altered by any user. This may be a benefit in terms of maintaining the accuracy of the information.
In related developments, Dogecoin creators recently announced that the most recent version of the Dogecoin Core software, 1.14.6, has been launched and is now live. According to the developers, this version will dramatically enhance the network’s security, efficiency, and user interface.
Dogecoin’s New Website also goes live this week.
Furthermore, recall that Chipotle is releasing a new game that offers users the opportunity to win Bitcoin (BTC), Ethereum (ETH), Avalanche (AVX), Solana (SOL), or Dogecoin for free (DOGE).
The fast food company claims the interactive game titled “Buy The Dip” would provide over $200,000 in crypto assets in addition to promotional vouchers for 1-cent Guacamole and Queso Blanco from July 25 to July 31.
Dogecoin Creator Says “Chipotle Including Doge In Its Giveaway Shows Doge Is One Of The Most Recognizable Crypto”
All of these occurrences may contribute to a substantial DOGE price spike. Already, the meme coin is in green. At the time of writing, it is worth $0.07067, with an increase of 6.5% over the previous 24 hours.