Dogecoin Reaches New Milestone In Holders, Top Whales Accumulate 324 Mln DOGE.

Dogecoin Reaches New Milestone In Holders, Top Whales Accumulate 324 Mln DOGE.

2022-02-11 | Big Bob

Dogecoin Reaches New Milestone In Holders, Top Whales Accumulate 324 Mln DOGE.

According to WhaleStats, Dogecoin has passed a fresh landmark in terms of holdings, with the leading 1,000 BNB wallets currently owning 324 million DOGE. Earlier on February 10, the blockchain data tracker stated that the number of Dogecoin holders had risen to 540,034, whereas the leading 1,000 BNB wallets controlled 324,663,141 DOGE, or $51,057,103.

As per WhaleStats data, Dogecoin is likewise one of the leading ten most utilized smart contracts for whales.
Dogecoin price movement

Dogecoin has already been moving in lockstep with the rest of the cryptocurrency market. According to IntoTheBlock, the favorable correlation with Bitcoin is 0.82, which appears to be fairly strong. Its most recent major shift occurred on January 14, when billionaire businessman Elon Musk announced that his electric car manufacturing firm, Tesla, will welcome DOGE payments.

DOGE surged to as high as $0.2148 following the Tesla announcement on January 14 but has subsequently fallen to about $0.15. Notwithstanding the current price dip, Dogecoin's efficiency is 54 percent, as per IntoTheBlock.

Dogecoin's price increased previously this week, with a breach over $0.1594 as well as a high of $0.173. DOGE's price movement had a brief reversal upon achieving this double barrier, as certain bulls who joined at $0.12 took gains. A break over $0.16 may provide greater leeway, enabling for a 25% increase to $0.25 prior to the subsequent hurdle being met.

DOGE reportedly achieved a further key "adoption" milestone when U.S. Figure Skating—the sport's national governing body—began accepting donations in numerous cryptos, notably Dogecoin, following its collaboration with the donation network, Engiven.

Dogecoin was trading at $0.1514 as of press time.

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