Dogecoin (DOGE) has seen a decline in its holder base, reaching a six-month low as active long-term holders decrease. Market Intelligence platform Santiment reports a net loss of around 106,600 non-empty wallets since October 8. Traders express frustration over DOGE's performance, seeking alternatives for short-term gains.
Despite the decline, crypto analyst Dima James Potts remains optimistic about Dogecoin's price potential. He predicts it will reach $10, doubling down on his earlier forecast based on historical patterns and past market performance. Potts points out significant past surges in DOGE's value during previous market cycles.
Currently trading at $0.12, Dogecoin has seen recent upticks, but not enough to appease some investors. Concerns over the meme coin's fluctuating performance and inability to hit the $1 mark persist among holders seeking dramatic gains.
