Dogecoin Holders Growing Dashingly, Making A New All-Time High, Almost 8k New Holders Joining Daily

On Average, 8,000 New Holders Seems to Accumulate DogeCoin (DOGE) amid the Hunger for the Meme Coin is on the Rise.

The recent BscScan data suggests that the desire for Dogecoin (DOGE) is at its peak, as daily about 8,000 new addresses on average are joining in accumulating DOGE, a leading canine-themed meme coin.

The recent data provided by BscScan data demonstrates that at the moment, 529,309 wallets are holding Dogecoin (DOGE). This figure was standing at 486,439 on February 2. This means 42,870 new holders have arrived on the scene within the past five days. If we take an average and want to know how many new holders are coming in to grab DOGE per day, the calculation would seem like this: 42,870/5 = 8,574.

This calculation indicates that Dogecoin (DOGE) is about to rise and might break its ongoing downtrend in the coming few days or weeks.

On the other hand, WhaleStats data reveals that the top 1000 BNB wallets now hold 324,223,677 of DOGE, valued at $47,796,325.

However, the price of Dogecoin hasn’t improved as much yet and, at the time of writing, stands at $0.156, with 5% gains for the day. The 24-hours trading volume is on the rise and increased a whopping 136.07% to $1,137,490,623.80, compared to the previous trading day.

The rise in trading volume for DOGE indicates the buyer’s interest at higher prices, and this might lead the canine-themed meme coin to break its ongoing downtrend soon. Such increased pace of mounting holders also shows that something big is cooking for Dogecoin.

Dogecoin (DOGE) is strongly backed by the CEO of Tesla, Elon Musk, and he considers DOGE the “Currency of People.”

For this reason, Musk has added value to Dogecoin on January 14 by adding Dogecoin as a payment method for some of Tesla merchandise. In addition, in McDonald’s tweet posted on January 24, Elon urged McDonald to accept Dogecoin as Payment at their fast-food chain.