The popular meme token project Dogecoin continues to be in the wallets of crypto investors.
As the bearish trend continues in the cryptocurrency market, interest in meme tokens has waned. Dogecoin (DOGE), considered the leader of these products, is trying to maintain price stability. Having experienced a strong decline from its highest level in 2021, DOGE continues to be in demand. Recently, there has been a significant increase in the number of people holding Dogecoin in their wallet.
Dogecoin Holders Hopeful
Cryptocurrency investors expect Dogecoin to be more than just a meme token. It is noteworthy that the famous billionaire Elon Musk constantly demonstrates his support for DOGE. It is anticipated that the project with such a community will return to its peak.
Cryptocurrency investors’ positive outlook for DOGE has also increased the number of people holding the popular meme token in their wallet. The popular coin managed to raise 4,365,551 owners registered on July 24, by 2 percent. During the next three months, 88,936 more people were added to the project.
However, no matter how much the owners increased, no momentum could be gained on the basis of price. DOGE has dropped nearly 16 percent in the last three months.
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