Dogecoin grows amid increasing transactional activity of addresses

The digital currency Dogecoin (DOGE) is gaining in value this week thanks to high transaction activity by network users.
The rate of DOGE strengthened to $0.074, while capitalization increased by another 1.95% to $10.342 billion. Despite the growth in value, DOGE is still trading well below the local peak set in early April 2023 ($0.096).
The activity of DOGE addresses in May soared to an all-time high. The average daily number of transactions in the network exceeded 1 million. Last Wednesday, addresses realized 1.1164 million transactions, according to the BitinfoCharts service.

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