The chart data of active Dogecoin addresses shows that activity increased at the end of the previous week. Earlier readings were around the 40,000 to 70,000 range before an activity run pushed the number of active addresses above 100,000. The final bar on the chart shows the figure reaching above 114,000 addresses, the highest level in months.
Active addresses are one of the measures of real network engagement. A rise in this metric usually indicates that more users are sending, receiving, or interacting with the asset. In the case of Dogecoin, which is known for its waves of retail participation, a sudden increase in address activity can be a sign that attention is returning to the meme coin.
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