Number of Dogecoin holders spike in October, adding almost 100,000 in 3 months
Meme cryptocurrency Dogecoin (DOGE) is still struggling with an extended downward price movement, a factor that has cast doubt on the asset’s potential to regain the highs of 2021. However, a section of investors are likely betting on the token to rebound, as highlighted by the increasing number of holders.
Indeed, as of October 22, Dogecoin had 4,454,487 holders, representing a growth of about 2% from 4,365,551 holders registered on July 24. Overall, during the three months, the tenth-ranked cryptocurrency by market cap has added 88,936 holders, according to CoinMarketCap data. Meanwhile, the holder activity has not been reflected in the Dogecoin price movement. By press time, the asset was trading at $0.059, representing a correction of over 16% in the last three months.
Source
@Doge_ShibaInu
