Dogecoin: exceeded 4.4 million wallet addresses

crypto portafoglio portafogli crypto

Dogecoin, the memecoin par excellence, has exceeded 4.4 million wallet addresses (or wallet addresses), even if, however, the sentiment on DOGE today seems to remain in the Fear zone with a score of 34.

Dogecoin: portfolio addresses increase but with red zone sentiment

Dogecoin (DOGE) has exceeded 4.4 million portfolio addresses , yet the general sentiment on the memecoin crypto is still in the red zone today , with a Fear & Greed index of 34 Fear.

"JUST ARRIVED: Dogecoin exceeds 4.4 million wallet addresses."

The tenth crypto by market capitalization, it seems to have good news in the field of increase in portfolio addresses , but, just like for the crypto queen Bitcoin, there has been a feeling of fear for weeks.

Indeed, Bitcoin today seems to be still negative, scoring a Fear & Greed Index of 20 by entering Extreme Fear.

Active portfolio addresses decreasing as the price of DOGE

Another not indifferent data concerns which of these Dogecoin wallet addresses are active and which are not.

And in fact, according to the statistics , while the portfolio addresses have increased, to date the active addresses of DOGE seem to be decreasing, resulting in only 43,000. We are over 60% less than in mid-August , which, on the other hand, had exceeded 110,000.

Something that is reflected in the price of DOGE which, in mid-August, had reached its maximum peak of the last 3 months, at $ 0.086 . A little off the current $ 0.060.

Still, DOGE holds up, remaining in tenth position in the crypto rankings with its $ 8 billion market capitalization .

Elon Musk's support

Other interesting numbers concerning Dogecoin, derive from the interventions of its first influencer: the richest man in the world, as well as the CEO of Tesla and SpaceX, the infamous Elon Musk.

Going to July 2022, in fact, it seems that Musk's intervention caused an increase in Dogecoin's (DOGE) retail traders by 380% in one day .

It's the same day as the announcement of Twitter Inc.'s $ 43 billion plan to buy Musk. Not only that, Musk also announced on that day that Tesla's company would sell 75% of its Bitcoin stash (BTC), but not a cent of DOGE.

A move by Musk to be recognized as the first influencer of the meme crypto, which however seems to have been accused.

And in fact, the class action $ 258 billion lawsuit against Musk for promoting DOGE was reportedly filed in June by Keith Johnson, while a new update earlier this month sees the signatures of other people as well. Plaintiffs allegedly hired an appraiser to explain to the court how and why Dogecoin would be a pyramid scheme.