Dogecoin shows bullish tendnecies
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Net network growth: Sitting in the neutral zone with a slight increase of 0.14%, this metric indicates that the number of new addresses joining the network is stable. This stability is crucial for maintaining network health and potential growth.In the money: Another neutral signal is at 0.49%, suggesting that a significant portion of addresses are at or near profitability, which can influence holding patterns among investors.Large transactions: A slight decrease of -3.
Overall, the on-chain situation for Dogecoin is slightly tilted in favor of bulls. However, we might see a drastic change of the situation in the foreseeable future if the market sees a wave of new liquidity. Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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