Dormant Dogecoins (DOGE) Awaken Following 19% Dip from Price Peak

BE[IN]CRYPTO2024-12-11

Dogecoin (DOGE) sees increased network activity as dormant coins re-enter circulation, signaling potential bullish momentum. A decline in DOGE's Mean Dollar Invested Age (MDIA) to 370 days indicates ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDormant Dogecoins (DOGE) Awaken Following 19% Dip from Price Peak\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/dormant-dogecoins-awaken/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dogecoin (DOGE) sees increased network activity as dormant coins re-enter circulation, signaling potential bullish momentum. \nA decline in DOGE's Mean Dollar Invested Age (MDIA) to 370 days indicates ...</p>\n\n<a href=\"https://beincrypto.com/dormant-dogecoins-awaken/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKIS","symbol_name":"Peak Resorts, Inc.","start_time":0,"source_url":"https://beincrypto.com/dormant-dogecoins-awaken/","article_id":"2490830580","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/10/bic_DOGE-covers_coins_positive-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490830580","pubTimestamp":1733911200,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Dogecoin  sees increased network activity as dormant coins re-enter circulation, signaling potential bullish momentum.A decline in DOGE's Mean Dollar Invested Age  to 370 days indicates revived interest from long-term holders.Leading meme coin Dogecoin  has recently seen increased activity, with long-dormant coins being moved. These coins have begun to change hands following a 19% decline in the coin’s price since it climbed to a three-year high of $0.48 on December 6.This coin movement is a bullish signal as it indicates that previously dormant Dogecoins are back in circulation, increasing network activity and setting DOGE up for a rebound.The on-chain metric in focus here is Dogecoin’s Mean Dollar Invested Age , which has trended downward over the past few weeks. This metric measures the average age of all coins in a network weighted by their purchase price, reflecting how long they have remained in wallets.According to Santiment, DOGE’s MDIA has dropped to 370 days, indicating that ","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SKIS":"Peak Resorts, Inc.","BK4125":"广播","MDIA":"Mediaco Holding Inc."},"translate_title":"休眠的狗狗币(DOGE)在价格峰值下跌19%后苏醒","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIA":1,"SKIS":1},"content_text":"Dogecoin (DOGE) sees increased network activity as dormant coins re-enter circulation, signaling potential bullish momentum. \nA decline in DOGE's Mean Dollar Invested Age (MDIA) to 370 days indicates revived interest from long-term holders. \nWith a positive funding rate and dynamic support at $0.34, DOGE is poised for a potential rebound toward its $0.48 three-year high.\n\nLeading meme coin Dogecoin (DOGE) has recently seen increased activity, with long-dormant coins being moved. These coins have begun to change hands following a 19% decline in the coin’s price since it climbed to a three-year high of $0.48 on December 6.\nThis coin movement is a bullish signal as it indicates that previously dormant Dogecoins are back in circulation, increasing network activity and setting DOGE up for a rebound. \nDormant Dogecoins Change Hands\nThe on-chain metric in focus here is Dogecoin’s Mean Dollar Invested Age (MDIA), which has trended downward over the past few weeks. This metric measures the average age of all coins in a network weighted by their purchase price, reflecting how long they have remained in wallets. \nWhen the MDIA rises, it means coins are staying in wallets longer, indicating reduced network activity and often signaling market consolidation. On the other hand, a declining MDIA indicates increased network activity as dormant coins re-enter circulation, often signaling bullish momentum.\nAccording to Santiment, DOGE’s MDIA has dropped to 370 days, indicating that long-held coins have become 31% younger over the past eight weeks as they continue to change hands.\nDogecoin Mean Dollar Invested Age. Source: Santiment\nWhen MDIA trends downward in this manner, dormant coins, often held by major stakeholders or long-term investors, come back into play, leading to increased network activity, which positively impacts price. \n\n“This is one of the key indicators throughout the history of each coin’s lifespan that helps validate that a bull market can and should continue. The 2017 and 2021 bull markets similarly did not come to a halt until assets’ mean ages started going “up” (getting older) again,” the on-chain data provider stated in a post on X.\n\nDOGE’s positive funding rate across cryptocurrency exchanges confirms this bullish outlook. The meme coin’s funding rate is 0.003% as of this writing. \nThe funding rate is a periodic fee exchanged between traders in perpetual futures contracts to keep prices aligned with the underlying asset. A positive funding rate means that long traders (those betting on price increases) are paying shorts, indicating bullish sentiment and potential upward price pressure.\nDogecoin Funding Rate. Source: Santiment\nDOGE Price Prediction: 3-Year High Back Within Reach\nOn a daily chart, DOGE trades above its Super Trend indicator, which offers dynamic support at $0.34. This indicator measures the overall direction and strength of a price trend. It appears as a line on the chart, changing color based on the prevailing trend: green signifies an uptrend, while red indicates a downtrend. \nIf this bullish trend persists, DOGE may witness a rebound toward its three-year high of $0.48.\nDogecoin Price Analysis. Source: TradingView\nConversely, DOGE’s price could decline toward the support level indicated by its Super Trend indicator at $0.34. If bulls cannot maintain this support, the price may further drop to $0.31.\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\neToro\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\n3Commas","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490830580"}