Dogecoin Wallets Abandon: Over 106,000 in Decline

The Dogecoin market has seen fluctuations in recent months, with other memecoins emerging to present alternatives for investors looking for quicker profits. Blockchain analytics firm Santiment indicates a significant drop in the number of Dogecoin holders, implying growing dissatisfaction amongst traders due to DOGE’s stagnant price movement. Other memecoins in the sector, such as TURBO token, have demonstrated better performance than DOGE. Despite these concerns, analysts have suggested potential growth for Dogecoin in the remainder of the bull cycle.

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