Despite the popularity and constant media attention to Dogecoin, the number of transactions on the network of this altcoin dropped to 16,000 per day. This is the lowest figure since 2017.
More recently, it was revealed that America’s largest movie theater chain AMC Entertainment may add support for Dogecoin by the end of the year. In addition, Dogecoin can be used to buy stakes in two real estate properties on the RedSwan tokenization platform, with a total value of about $ 384 million. But so far, this has not given impetus to the actual use of the “crypto-meme”.
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data service BitInfoCharts, now the number of transactions in the Dogecoin network is about 16,500 per day. Whereas in April the figure reached 145,000 transactions. It was a single spike in activity, but on average, in the spring, there were between 30,000 and 80,000 transactions per day.
Note that the DOGE price is far from being at record levels. Despite the popularity of the cryptocurrency, its rate is now around $ 0.22 per coin. In mid-May, the DOGE rate reached $ 0.73.
In August, Su Zhu, CEO of Three Arrows Capital, said that the Dogecoin price should rise as the coin is “easy to understand” and has captured the attention of lay traders. But the mood of traders is very changeable.
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