meme coin markets have started to host new assets in the last few months. Despite the introduction of a number of new meme coins, Dogecoin (DOGE) still remains one of the most popular assets in the game. The growth in the DOGE network was the clearest proof of this popularity.
DOGE, as it is known, was one of the oldest assets in the meme coin market. Although DOGE joined the game for ‘joke’ purposes, its popularity has increased very rapidly day by day. Dogecoin (DOGE) Although the price remained stagnant despite this popularity, the community members continued to grow day by day.
Recently, Dogecoin has finally managed to surpass 500,000 asset holders and the asset has been on a parabolic train ever since. Earlier today, DOGE’s total owners rose to 556,700. WhaleStats announced this news on Twitter.
🏆 New Record: $DOGE reaches an astonishing 525,000+ holders.
Current Holder Count: 526,700
💹 The top 1000 BNB wallets are holding 324,223,677 $DOGE ($47,796.325 USD)
Source: https://t.co/Uc1nehV7Jr#DOGE #BEP20 #BNB #whalestats
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) February 6, 2022
Also, Dogecoin is pretty close to its 600,000 owner. While the community was celebrating, it was noticed that Dogecoin’s official Twitter page set a new record. Currently, the network has a total of 3 million followers on Twitter.
The network announced this milestone through a small video.
JUST IN: #dogecoin tops 3,000,000 Twitter followers. pic.twitter.com/WlkLTgMICe
— Watcher.Guru (@WatcherGuru) February 6, 2022
Dogecoin Price Rising but Shiba Inu Strengthening
The emergence of the Shiba Inu has certainly thrown Dogecoin’s shoe at times. The recent price movements of both assets were proof of the same thing. As the bulls pushed most of the market’s coins towards recovery, the Shiba Inu witnessed much stronger pressure. Meme coin has recorded a 32% increase over the past few days.
However, Dogecoin has only increased 13% over the previous few days. At press time, DOGE was trading at $0.156, up 5.76% daily.
In addition, the fact that the DOGE price could not exceed $ 1 was spoken a lot by the crypto communities. Elon Musk’s endorsements or GenZ’s TikToks failed to push the meme coin to the $1 level. However, the community thinks that the recent increase in the number of owners and social media presence may increase the price of DOGE.
The community thinks that the $1 level will not be a dream.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.