{"id":10671,"date":"2021-09-22T18:07:21","date_gmt":"2021-09-22T17:07:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=10671"},"modified":"2021-09-22T18:07:32","modified_gmt":"2021-09-22T17:07:32","slug":"interest-in-dogecoin-wanes-as-daily-transactions-reach-multi-year-low","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/interest-in-dogecoin-wanes-as-daily-transactions-reach-multi-year-low\/","title":{"rendered":"Interest in Dogecoin Wanes as Daily Transactions Reach Multi-Year Low"},"content":{"rendered":"\n
With its eye-watering gains earlier this year, Dogecoin <\/a>captured the hearts and minds of the financial community. However, in recent months, Dogecoin's popularity has fallen precipitously. <\/h5>\n\n\n\n
\"Interest<\/figure>\n\n\n\n

According to CryptoCompare, a cryptocurrency \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>market statistics source, the number of daily transactions on its network has decreased to barely 18,000. In April, it reached a peak of more over 140,000 people, which was the lowest number seen since 2017.<\/p>\n\n\n\n

The daily transaction rate is one of the most important on-chain indicators since it represents the extent to which the blockchain is being used.<\/p>\n\n\n\n

In addition, the Dogecoin <\/a>price has fallen by around 71 percent from its all-time high of $0.73 reached on May 8.<\/p>\n\n\n\n

Google searches for “Dogecoin<\/a>” have also decreased to their lowest level since late January, according to the company.<\/p>\n\n\n\n

While the Dogecoin rise turned out to be a bubble that burst very rapidly, it would be foolish to dismiss the meme coin as a passing trend.<\/p>\n\n\n\n

After all, it has been in existence since 2013, having survived two terrible bear market cycles and emerging stronger than ever in 2021.<\/p>\n\n\n\n

Additionally, the joke cryptocurrency is gaining traction among merchants, with AMC <\/a>CEO Adam Aron recently conducting a Twitter poll <\/a>to see whether or not his followers wanted the world's largest movie theatre chain to accept the funny money.<\/p>\n","protected":false},"excerpt":{"rendered":"

With its eye-watering gains earlier this year, Dogecoin captured the hearts and minds of the financial community. However, in recent months, Dogecoin’s popularity has fallen precipitously. According to CryptoCompare, a cryptocurrency market statistics source, the number of daily transactions on its network has decreased to barely 18,000. In April, it reached a peak of more […]<\/p>\n","protected":false},"author":13,"featured_media":10672,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[157,4581],"class_list":["post-10671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogecoin","tag-twitter-pool"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-224.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=10671"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10672"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=10671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=10671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=10671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}