Dogecoin Faces Challenges Amid Flat Network Activity

Dogecoin's Network Growth Stagnation

Dogecoin, known as the foremost meme coin, is at risk of a significant price decline due to stagnation in its network activity. Despite some bullish indicators, the number of new addresses on the Dogecoin network has dropped by almost 10% in the last week, suggesting a bearish trend. This decline in new participants indicates a lack of fresh investment, which is crucial for the coin's growth and sustainability.