Opinion: Dogecoin wallet grows by 13.8%, analysts predict the price could reach $1

According to CryptoPotato, despite Dogecoin's recent poor performance, some indicators related to it have shown a strong recovery. Cryptocurrency market intelligence platform Santiment revealed that the number of non-empty Dogecoin wallets has increased by 13.8% in the past three months. This figure saw significant growth at the end of February, coinciding with when Dogecoin prices began to rise. Remember its value soared from $0.08 on February 26th to over $0.20 a month later. Currently, DOGE is valued at about $0.14 (according to CoinGecko data). In addition, Santiment also revealed Bitcoin and Cardano's performances in this regard: BTC non-empty wallets exceed 53.8 million with an increase of 2.6% within 90 days; ADA recorded a decrease of 0.01% during the same period with approximately 53 million addresses.

The crypto space is filled with analysts optimistic about Dogecoin's future valuation.Recently, user Ali Martinez suggested that this meme coin has entered a consolidation phase after being in a "descending triangle". He claims that if DOGE can replicate its performance from years ago, it could reach the milestone of one dollar.