Dogecoin Has The Third Highest Active Addresses Following Bitcoin And Ethereum
Dogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog from the “Doge” Internet meme as its logo. Introduced as a “joke currency” on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014.
Developed by Billy Markus in Oregon, this coin was designed to be just a fun currency and was named after the doge meme of Shiba Inu. However, Markus had no idea that this fun currency of his would achieve a permanent status in the crypto world.
However, that is what happened and it soon rose in value as it attracted a whole lot of internet communities and thousands of users. These users shared the digital currency by posting memes about this coin on the internet. The hype paid off really well and ended up putting this cryptocurrency among the top coins present in the market. So, a coin that began as a joke managed to survive and thrive when other promoted digital assets fell by the wayside.
However, survive is just an understatement. Research shows that Dogecoin currently has third-highest daily active addresses falling just behind BTC and ETH.
Dogecoin is averaging more daily active addresses in December 2018 than December 2017.
Dogecoin also has more daily active addresses than all cryptocurrencies except Bitcoin and Ethereum.
Much users. Many adoption. 🐶 pic.twitter.com/cu7nAWHgGt
— Kevin Rooke (@kerooke) December 17, 2018
Kevin Rooke who is a Canadian cryptocurrency researcher did this analysis. Bitcoin leads the list with 536,738 active addresses and Ethereum has 235,004. Dogecoin has 72,955 in the past day standing tall in front of currencies like Tron which has 21,255.
For some unknown reason, the overall demand to get Dogecoin listed on the top 10 cryptocurrency exchanges continues to fall on deaf ears. Considering how Dogecoin transacts the third-most value over its network of all currencies, one would expect more companies to pay attention. For the time being, such an elusive listing remains out of reach, although it does create some interesting debates regardless.