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Dogecoin: Can it remain socially relevant, despite DOGE’s holders
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Dogecoin has been ridiculed in the past for the lack of development on its network. Fortunately, the team is fixing that as development activity has gone up of late. However, in the process, it might have lost track of its investors, who have pretty much gone berserk since.
Starting from October, DOGE investors have been exhibiting some interesting behavior.
First of all, the anomaly of 7 November can also be seen with DOGE. The random spike in investors seen for all other altcoins was also visible for DOGE, with 1.9 million addresses being added in 24 hours.
Dogecoin addresses with balance | Source: Intotheblock – AMBCrypto
Interestingly, during that period, transaction volume also jumped to $11 billion. That was thrice the average of
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