Dogecoin (DOGE) Places Third In Top Active Wallet Addresses Following Bitcoin And Ethereum

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.

 

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.

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B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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