Dogecoin Price Rally: 1.2M Daily Transactions Fuel $0.10 Target
Dogecoin's recent surge in network activity has some investors looking at the cryptocurrency's potential to reach $0.10. The coin's daily transactions have topped 1.2 million, with active addresses rising by approximately 35%.
This growth in on-chain activity suggests that Dogecoin is being used more frequently, rather than just driven by social attention. While transaction counts do not directly represent individual users, the sustained increase gives traders a measurable sign of the network's expansion.
The current price range of $0.081 to $0.083 makes the $0.08 area an important psychological floor for Dogecoin. Holding this level could allow buyers to challenge $0.09 and eventually target $0.10, which would require a 22% advance from the current price.
However, achieving such a move would be challenging, given the coin's multibillion-dollar public valuation. Additionally, AlphaPepe, another meme token, has raised over $2.58 million at its Stage 20 presale price of $0.02873, with planned listings starting at $0.08.