Dogecoin's Active Users On The Rise, Will This Impact DOGE Price?
Dogecoin's Active Users On The Rise, Will This Impact DOGE Price?
Daily active users of $Dogecoin (DOGE.CC)$ have seen a significant surge of 32% over the last 24 hours.
过去24小时内，该应用的日活跃用户数出现了显著增长，增长率高达32%。 $狗狗币 (DOGE.CC)$
What Happened: According to IntoTheBlock data, the number of daily active addresses, which are defined as addresses that have made at least one on-chain transaction in the past day, reached a total of 55,444.
据IntoTheBlock数据显示，日活跃地址数量，定义为过去一天至少进行了一次区块链交易的地址总数达到了55,444个。
This metric is often used to track network activity over time. A rise in daily active addresses typically indicates an increase in blockchain usage, while a decrease suggests a reduced network demand.
这种度量通常用于跟踪网络活动。日活跃地址的增加通常表示区块链使用量增加，而减少则表示网络需求降低。
There is often a correlation between the number of daily active addresses and price activity, making it a potential leading indicator for price action.
日活跃地址数量和价格活动之间经常存在相关性，这使其成为潜在的价格行动先行指标。
The price of Dogecoin has been on a rebound since Friday, following three consecutive days of decline. At the time of writing, Dogecoin was up 2.10% in the last 24 hours, trading at $0.101.
自上周五以来，狗狗币价格反弹，此前连续三天下跌。截至撰写本文时，狗狗币在过去24小时内上涨2.10％，交易价格为0.101美元。
Also Read: Massive Dogecoin Moves Worth $50 Million Each Spotted On Robinhood
还阅读过：罗宾汉上出现了价值5000万美元的狗狗币交易记录
Market observers are closely monitoring the correlation between daily active addresses and price movements. A strong correlation could suggest that active addresses are likely to follow the price rather than using the crypto asset.
市场观察人士正在密切关注日活跃地址和价格走势之间的关系。强烈的相关性可能表明，活跃地址可能会跟随价格而不是使用加密资产。
If the rebound sustains, buyers may aim to push the Dogecoin price above the daily SMA 50 at $0.115. A break above the daily moving average could trigger a new uptrend for Dogecoin.
如果反弹持续，买家可能会将狗狗币价格推高至每股0.115美元以上。突破日均线可能会引发狗狗币的新上涨趋势。
Why It Matters: The surge in Dogecoin's daily active users is a significant development for the cryptocurrency. The increase in active addresses could potentially lead to a rise in demand for DOGE, which may subsequently impact its price.
狗狗币日活跃用户的激增对数字货币来说是重大的进展。活跃地址的增加可能会导致DOGE的需求增加，这可能会影响它的价格。
The correlation between active addresses and price movements has been observed in the past, and a continuation of this trend could indicate a positive trajectory for Dogecoin's price.
曾经观察到日活跃地址和价格走势之间的相关性，这一趋势的延续可能表明狗狗币价格的积极轨迹。
However, it's important to note that while the increase in active users is a positive sign, it does not guarantee a price increase.
但是，需要注意的是，虽然活跃用户的增加是一个积极的迹象，但这并不保证价格上涨。
The cryptocurrency market is highly volatile and influenced by a variety of factors. Therefore, investors should monitor the situation closely and make informed decisions.
加密货币市场极具波动性，受多种因素影响。因此，投资者应密切监控情况并做出明智的决策。