Dogecoin Bullish Signal: On-Chain Activity Shows “Major Boost”

Dogecoin – beloved, funny, and much meme’d cryptocurrency – has been steadily gaining traction in the crypto space. And now, it looks like there’s a “major boost” indicated by the coin’s on-chain activity.

What’s Going On?

It turns out that Dogecoin holders are more active than ever, with the coin’s transactions per day reaching a new record high. According to one Ethereum developer, this is a notable signal that DOGE may be in for a bull run.

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To The Moon!

Could this be the signal we’ve all been waiting for? It looks like the Dogecoin Army is out to prove that they’re serious in their quest to “take Dogecoin to the moon!”

What Are Dogecoiners Doing?

It looks like Dogecoiners are doing a few things to push the coin higher:

  • Transferring DOGE: As mentioned, the number of Dogecoin transactions per day is at an all-time-high. A lot of people are holding tight, but many have also been sending their coins around. This suggests that people are actively using their Dogecoin.
  • Raising Awareness: Dogecoin fanatics have been spreading the word far and wide. There has been an influx of new Dogecoiners, especially after Elon Musk’s recent tweets about the coin.
  • Trading: Of course, some Dogecoiners are simply trading the coin, taking advantage of opportunities to increase their holdings.

FOMO Time?

It looks like something special is brewing within the Dogecoin community. This newfound activity could be the boost that Dogecoin needs to break its all-time high. It might be FOMO time! Whether Dogecoin can maintain its upward trajectory remains to be seen.

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