Dogecoin (DOGE) breaks record: Growth is dazzling!

New wallets created on the Dogecoin (DOGE) network have increased by 1100% in the past week.
New wallets created on the Dogecoin (DOGE) network have increased by 1100% in the past week.

New trends continue to emerge in the cryptocurrency market. Airdrops, standards, and blockchains attract crypto investors.

The BRC20 and DRC20 standard have increased network activity on Bitcoin and Dogecoin. Dogecoin, in particular, broke the record. According to data shared by crypto analyst Ali Martinez, the number of new wallets created on the Dogecoin network last week is 1100%
According to on-chain data, January was a fruitful month for the Dogecoin network. The number of new wallets created on the Dogecoin network increased by 1,100%. According to Martinez, 247,240 new DOGE addresses were created on Jan. 29 alone. This was recorded as a record for the number of new wallets created in a day on the Dogecoin network. The previous record was set on December 16, 2013. On that date, 163,040 new wallets were created on the Dogecoin network. The continuous expansion of the network expansion has excited DOGE investors.

Investors, who are waiting for the memecoin hype to start again and DOGE to lead the trend, are following the on-chain data. DOGE has achieved a trading volume of $400 million in the last 24 hours. The popular memecoin has a market cap of 11.5 billion.
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