Let's talk about Dogecoin and what's been going on with its holders. So, there are three types of Dogecoin holders: holders, cruisers, and traders. The holders are the ones who have had Dogecoin for more than a year, cruisers have had it for one month to a year, and traders are the ones who hold it for less than a month.
Something interesting happened on June 23. The cruisers decreased by a lot in just 48 hours, but the holders increased by 30%! That means more people started holding onto their Dogecoin for a longer time. It seems like the traders who were buying Dogecoin in May changed their minds, but the cruisers still believe in it.
Who Controls Dogecoin?
Now, let's talk about who controls most of the Dogecoin. There are two groups: the ones who have Dogecoin worth $1 million to $10 million, and the ones who have over $10 million. Together, these two groups control almost 80% of all the Dogecoin out there. That's a lot!
What Does This Mean for Dogecoin?
So, what does all of this mean for Dogecoin? Well, it looks like the sentiment among Dogecoin holders has changed a lot since mid-June. Some people think this change in attitude might be because of an announcement from a company called BlackRock. They said something about filing for something called an ETF. It's a bit technical, but basically, it could be good news for Dogecoin.
Right now, the price of Dogecoin is below a line that has been stopping it from going up for the past nine months. But if things go well, Dogecoin could break through that line and go up by 50%! That would be pretty cool. And if things go really, really well, Dogecoin could even go up by 155% and reach a price of $0.190. That would be amazing!
So, keep an eye on Dogecoin, my middle school friends. It could be going on a big adventure soon!