The post Dogecoin Nears 8 Million Holders as Market Eyes Potential Price Movements appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) is rapidly approaching a significant milestone with nearly 8 million holders, underscoring its growing adoption in the cryptocurrency ecosystem. On-chain data from Santiment reveals that Dogecoin ranks just behind Bitcoin and Ethereum in holder count, highlighting its sustained popularity among investors. COINOTAG reports that the increasing number of holders signals robust network health and could serve as a precursor to future price movements. Dogecoin nears 8 million holders as adoption grows; price shows signs of recovery with key resistance at $0.20, signaling potential bullish momentum. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Dogecoin Holder Growth Reflects Strong Network Fundamentals Dogecoin’s holder base has quietly expanded to approximately 7.97 million, placing it among the most widely held cryptocurrencies after Bitcoin and Ethereum. This growth is a vital indicator of the network’s health, as the number of addresses holding DOGE reflects sustained investor interest and confidence. Unlike transient trading activity, a rising holder count often points to long-term commitment within the community, which can contribute to price stability and resilience during market fluctuations. Santiment’s analytics emphasize that while Bitcoin and Ethereum dominate with 55.39 million and 148.38 million holders respectively, Dogecoin’s position as a top contender in holder count reinforces its relevance in the crypto market. Holder Count as a Leading Indicator for Price Dynamics Beyond representing network strength, the total number of addresses holding Dogecoin can provide…

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Filed under: News - @ June 7, 2025 4:27 pm