.Dogecoin hopes of revival remain intact amid elevated DAU
to data from crypto analytics platform IntoTheBlock , the total number of Daily Active Users is up by 28.63% to 66.42K.This figure is proof that there is very robust activity on Dogecoin as retail interest is generally positive at this time. Cryptocurrencies record a surge in price when there is net positive buying action, which could encompass both retail and institutional buyers.
Dogecoin investors cuttingWith the generally positive sentiment on Dogecoin at this time, there is a possibility that the price of the asset may reverse course from its bearish trend in the near term.Unlike most digital currencies with defined use cases that drive their growth, Dogecoin is different in that its use as a payment token is limited when compared to Bitcoin or Litecoin . However, Dogecoin is a token that has generated one of the most active communities in the Web3.
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