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Dogecoin 
$0.166972 shows signs of recovery in recent weeks. If stability is maintained in the cryptocurrency market, it is suggested that DOGE could reach a significant turning point. According to leading analytics platform Santiment, there is an impressive increase in the number of wallets, while developer activity has generally declined.
Dogecoin Wallet Activity Increases
The activity of Dogecoin investors has significantly increased recently. Data shared by Santiment indicates that the number of wallets holding at least one million DOGE has risen by 1% since February. Additionally, the daily active address count has reached its highest level in four months. This development shows sustained interest in Dogecoin and that investors maintain their long-term expectations.
In the past two months, Dogecoin has been adversely affected by fluctuations in the cryptocurrency market. Despite the price drop, the increase in large investors’ wallets supports the possibility of a strong rise in the future. Experts believe that if investor interest continues, Dogecoin could exhibit new price movements in the upcoming period.
Developer Activity Declines
Santiment reported a decline in developer activity across many projects, including Dogecoin. In recent months, it has been determined that the development speed in most of the top ten contributing ecosystems has decreased. However, Cosmos and Solana 
$126 stand out as rare projects that have shown an increase in development activities.
The decrease in developer interest raises questions about the technical development of the Dogecoin ecosystem. Experts emphasize that regular technical developments are critical for the long-term sustainability of a project. Nonetheless, Dogecoin’s community-focused structure helps maintain investor confidence.
Additionally, the Optimism network has emerged as one of the platforms with increased developer contributions over the past six months. This indicates that some projects are adopting different approaches in their short-term strategies.
