The best encryption analysis platform Santiment says that the original dog -themed memo shows signs of optimistic reversal.
According to Santiments, Dogecoin (Doge) increases the number of wallets, “when the encryption market stabilizes, it signals potential turning points.”
“As with most memes coins, Dogecoin has been a hammer in a two -month cryptocurrency. But we recommend watching the level of an upward level of the wallet with a minimum of one million Doges recovered during the price dump. The active address is four months high.”
SANTIMENT said that since early February, the number of Dogecoin wallets with more than a million Doges has soared more than 1%. In March, the largest memes caused by the market cap recorded the spike of the address activity, and the number increased to more than 150,000 active addresses a day.
Dogecoin was $ 0.166 at a written point of view, down about 62% from 2025 with about $ 0.434.
SANTIMENT said that the number of contributions has decreased over the past month as it switched to development between leading password projects.
“And if we shift our perspective and expand to the last month, we’ll find out that all the top 10 ecosystems have not taken their feet from the gas. The development activities have been reduced in general, and only Cosmos and Solana are seeing the increase in the contributors.”
SANTIMENT says that the only ecosystem that has increased the number of contributors over the last six months is the Layer-2 Scaling Solution Optimal theory (OP).
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Created image: Midjourney