Since 2023, there has been a steady increase in the proportion of users who intend to keep using Dogecoin over the long term, with over 60% turning a profit and only 34% suffering losses. Included in this are 45 billion DOGE, which are currently valued more than $3.76 billion. According to CoinMarketCap, DOGE is currently trading at $0.0776, up 5% over the past week and over 3% over the past two weeks. The overall number of addresses for Dogecoin (DOGE) has risen to 3.18 million, with investors making up 74.66% of the total. It hasn’t reached this level of long-term investors since October 2021, when Dogecoin was selling at around $0.30.
With a market cap of $10.7 billion, investors hold 75% of all Dogecoin wallets. The preceding month saw the addition of 360 million coins by Dogecoin miners, accounting for 3.5% of the coin’s overall cryptocurrency market worth.
