Dogecoin (DOGE) On-Chain Metric Reaches All-Time High!

Cryptocurrency While the horizontal course in the market continues, remarkable on-chain data is recorded in many blockchain networks.

Prank-themed cryptocurrency DOGE Although the price has remained stagnant since the beginning of the month, some important metrics are running record after record. network data dogecoin Twitter user @Tdogewhisperer, who shared it with his community, revealed that daily meme coin transfers broke a historical record.

The social media phenomenon following the network data emphasized that the number of DOGE transfers reached 1.4 million daily. While the transaction amount did not exceed 70 thousand in the March-May period, the astronomical rise experienced Dogecoin investors excited.

The joke-themed cryptocurrency is in the metric in question. Bitcoin almost doubling, attracting the attention of analysts. on-chain data shows that the number of daily BTC transfers is around 500 thousand today.

Despite the increase in network activity, DOGE transaction fees are still cheap compared to most of its competitors. A whale who transferred $13 million worth of Dogecoin the other day paid just 8 cents in transaction fee.

DOGE Price

Although Elon Musk’s favorite altcoin lost value in the second half of April, it exhibits more horizontal price movements as of May.

Although the bears prevailed in the $0.081 – $0.075 band, pushing the price down further, the bulls continue to resist at the $0.07 level.

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