Analyst Predicts Dogecoin Price Will ‘Pump Hard’ Soon, Here’s Why

A crypto analyst has predicted that Dogecoin’s price action will pump very hard soon if on-chain data is any indication. The meme coin has been trading around $0.10, but a set of network metrics is beginning to provide a constructive outlook. Despite the lackluster price action, some analysts believe a recovery may be closer than the price chart suggests. These predictions are based on different factors, but one notable one is the increase in the number of active addresses that are interacting with the Dogecoin network. Dogecoin Active Addresses Jump 176% In One Week Recent data from the on-chain analytics platform Santiment points to a significant rise in participation on the Dogecoin network. According to information shared by Ali Martinez, the number of active DOGE addresses increased from 41,557 to 114,662 within the past week, representing a 176% jump. Related Reading: Dogecoin Price Can Still Cross $1: Historical Cycle Performance Points To 750% Rally The chart data of acti