The Dogecoin network has experienced a gradual decline in DOGE user participation, accompanied by a consistent decrease in the number of Telegram members.
This raises concerns about the sustainability of Dogecoin’s current bearish trend and prompts questions about its future trajectory.
Active Addresses Plunged by 22.1% in One Week
In the last seven days, new addresses have fallen by around 46.3%. Active addresses also fell by around 22.1%, and DOGE addresses that do not hold coins are also down by 23.47%.
Dogecoin Telegram Group Sees Steep Decline in Members
The DOGE Group on Telegram has witnessed a discernible downward trend in the number of users since 2022.
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Author: Ryan James
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