Due to the bearish trend in the Crypto Assets market, the price of DOGE has been stagnant this month. However, the active DOGE community remains large, and it recently surged by 32%. With the increase in memecoin activity, will its price also rise by the end of this month?

According to IntoTheBlock data, the DOGE ADDRESS has increased by 32% in the last 24 hours. Trading activity near DOGE has remained steady during the slow year. Crypto Assets experts have been puzzled as to why the leading memecoin has not risen as much as its competitors SHIB and FLOKI. At the time of writing this article, the asset is in an unstable state, with a trading price slightly above $0.10.

Furthermore, recent analysis from IntoTheBlock also shows that the majority of DOGE holders are profiting. This is related to the increase in trading activity, which may indicate that holders are taking advantage of their gains.