Dogecoin Holders Have Increased by 500K in the Last 3 Months, Is This A Sign to Buy?

Dogecoin Holders Have Increased by 500K in the Last 3 Months, Is This A Sign to Buy?

Most crypto projects go on to wane in acceptance after a while, regardless of how groundbreaking their introduction or peak period was. While this can be tied to how much value they offer, it is sometimes an unpredictable fate for some. In the case of Dogecoin, its lack of a solid use case resulted in a decrease in the number of holders and a decline in its price.

However, the situation now appears positive for this meme coin, as its number of holders has increased significantly by 500k in the last 90 days. This has led to investors asking the question, 'Is this a sign to buy?' 

This article provides the answer to this question by analysing the essentials and comparing expert investors' advice. Keep reading!

Dogecoin (DOGE) Records Positive Market Performance in Recent Months

Dogecoin is one of the meme coins that made a statement in the mainstream crypto market, giving the meme coin industry more recognition. This meme coin might have started as a joke, but by gaining new ground and more adoption as a payment option, Dogecoin ensured its users and investors stuck around.

Also, it delivered some remarkable profits after a big break, thanks to Tesla CEO Elon Musk. Recently, crypto experts have seen the meme coin doing well this year as it records a boost in different areas of the project.

Besides, due to its prominence, Dogecoin (DOGE) is one of the most likely tokens to succeed when meme coin season and a crypto bull run come. Now, with a bull run upon us, recent market stats show DOGE has picked up the pace slowly over the past few months.

First, despite the price fall of this meme coin in the last three months and other meme-based cryptos like Pikamoon (PIKA) and Pepecoin (PEPE) gaining more traction, the number of Dogecoin holders has continued to grow, at a growth rate of about 8% over the past three months. As it stands, there are a total of 5,092,800 unique addresses holding Dogecoin in the network at the time of writing, an upgrade from the 4,484,703 holders on February 2, 2023, according to CoinMarketCap.

A more interesting side to this is that it happened despite some setbacks in its price performance, which has seen a drop in the last 90 days from $0.1026 to $0.05854 at press time.

Are these positive market performance signs to buy Dogecoin (DOGE)?

While the recent increase in holders of Dogecoin (DOGE) may have led to a positive market performance, experts caution that this alone is not a guarantee of sustained growth. The lack of real-world utility for Dogecoin remains a major drawback for the token, limiting its potential for significant price surges.

In contrast, experts highly recommend investing in Pikamoon (PIKA), as it is seen as a project with explosive profit potential. With its innovative features and strong community support, Pikamoon is expected to outperform Dogecoin, with experts predicting a staggering 5000% price surge for PIKA before the end of 2023.

Pikamoon (PIKA) is the next High-Flying Project Every Investor Should Consider

Pikamoon offers an exciting play-to-earn experience in the Pikaverse. Gamers can embark on adventures, discover bounties, and earn $PIKA tokens or NFTs as rewards. The in-game marketplace allows players to buy assets with $PIKA to enhance their characters and earn more rewards.

Beyond the Pikaverse, Pikamoon stands out with its impressive utilities. It is built on the Ethereum and MultiversX blockchains, has a deflationary token model, and offers unique tokenomics. The project also features exciting NFT giveaways to token holders and other appealing elements that contribute to its growth potential.

With all these factors in play, Pikamoon becomes a compelling choice for investors looking for explosive gains.

Pikamoon's presale is currently underway, offering you the chance to grab their tokens at an unbelievably low price. This is your golden opportunity to position yourself for an explosive profit when the project launches.

Get ready for jaw-dropping returns, as experts predict a remarkable 300% ROI for the $PIKA token in June alone. The buzz is spreading like wildfire, and investors are flocking from other popular tokens to join the Pikamoon revolution.

At just $0.0006 per token, it's a steal! Don't let this extraordinary opportunity slip through your fingers. Take action now and invest in PIKA tokens to unlock the door to limitless possibilities.

This once-in-a-lifetime chance to skyrocket your wealth awaits you!

Find out more about Pikamoon (PIKA):

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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