One of the most prominent digital assets of 2018 also known as the famous ‘meme coin’ has had a very productive year. Dogecoin has developed a lot and has made an impact among crypto users. The crypto community recognizes the important features of DOGE and Dogecoin has transformed itself as a pure digital asset from just being known as a Joke coin.
Despite the poor market throughout this year, Dogecoin (DOGE) has improved its growth and has become a model cryptocurrency network, as DOGE remains one of the highly active-used digital assets in the industry.
One of the most active users on Twitter and a Canadian Crypto researcher, Kevin Rookie said that Dogecoin (DOGE) is averaging more daily active addresses in December 2018 than the last December of 2017. Dogecoin also has more daily active addresses than all cryptocurrencies except Bitcoin and Ethereum.
Kevin added the stats of Dogecoin (DOGE) from the Messari OnChainFX. Dogecoin (DOGE) has around 73K active addresses dated 18th December 2018. This shows that Dogecoin is had the third most active addresses among the other digital assets. As per the stats, Dogecoin stands just behind Bitcoin (BTC) and Ethereum (ETH) in terms of the most active addresses, which makes it stand among the elite cryptocurrencies despite that it is still trading at 23rd spot.
This shows that Dogecoin (DOGE) is highly anticipating the crypto industry and it is being used for the basic purpose for which cryptocurrency is known for. The mass adoption of Dogecoin has increased since the launch of Dogethereum bridge and so has been daily active users. The progress of Dogecoin makes it one of the favorites in the upcoming years.
Moreover, the Dogecoin (DOGE) is a keenly observed asset by the investors because they know that it can help them make a huge amount of money in the coming time. The way Dogecoin has improved as a digital asset and its massive demand in the market makes it hot crypto.
Dogecoin (DOGE) has also been pretty consistent with its trading price as it has traded around $0.002 USD mark for some time now and this constant market performance in a bear market indicates its price surge in the upcoming bull run.
At the time of writing, Dogecoin (DOGE) was trading with a price of $0.0024 USD with a market cap of $287 million and a trading volume of $22 million. What investors need to do it to HODL their DOGE’s for some time and look at the market trend, which indicates a bull run to come soon. The HODLers need to wait for that massive bull run which will be hitting the market soon.