Dogecoin, the meme-inspired cryptocurrency that took the internet by storm in 2021, has seen a recent uptick in price. However, experts are cautioning investors against mistaking this blip for the start of a moon mission. Related Reading: $20 On The Horizon For XRP? Unpacking A Potential 650x Surge And What It Means DOGE Price Volatility Takes A Vacation One factor tempering enthusiasm is Dogecoin’s current lack of volatility. While price swings are often a hallmark of the cryptocurrency market, DOGE’s volatility has hit a 30-day low. This calmness suggests the recent price increase might not translate into a sustained upward trend. Memecoins like Dogecoin thrive on volatility, and the current lull suggests a period of price stability, which isn’t necessarily bad, but it’s unlikely to trigger the explosive rallies we’ve seen in the past. Source: IntoTheBlock Dogecoin Network Activity: Apathy Or Accumulation? Another dampener on the celebratory champagne showers is the low user activity on the Dogecoin network. The number of active addresses, which indicates user engagement, is currently hovering around 52,000. This is a signi ..
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