There has been a noticeable increase in network activity for Dogecoin. More than 890,000 new Dogecoin addresses have been registered in the last week, and there has also been a noticeable increase in activity. As these new users complete their first transactions, the adoption rate is 86%.
Two noteworthy events may be responsible for this comeback: the classic game Doom’s distribution on the Dogecoin blockchain and the circulating rumours of Dogecoin’s possible integration with X payment systems.
https://x.com/intotheblock/status/1753032406242644163?s=20
Doom has been ported to Dogecoin via a technology that makes large amounts of data storage possible on the blockchain. Doom is now permanently embedded in the Dogecoin network and uses Dogecoin’s blockchain only to get game data. Even though this event created a lot of buzz and may be interpreted as a lighthearted marketing ploy, everything went well and all the required game data was properly gathered.
Nonetheless, the possible use of Dogecoin in X payments platforms is perhaps a bigger motivator for this resurgence of attention. When Dogecoin is integrated into more extensive payment systems, it may become a more useful microtransaction instrument rather than just a meme token.
Dogecoin’s price chart analysis indicates that the cryptocurrency may be about to make a comeback. At $0.078, Dogecoin is now testing a support level that, if it holds, may act as a springboard for further rise. The $0.088 resistance level is in close proximity to the next noteworthy price goal.
If Dogecoin breaks above this, it may be able to test $0.09, and if the positive trend keeps up, it may be able to achieve the psychological barrier of $0.1.
