Polymarket’s prediction is only 13%
Active Dogecoin addresses have increased by over 500% two days ago
SEC acknowledged multiple Dogecoin ETF applications, including one from 21Shares
Polymarket’s prediction of Dogecoin reaching above $0.24 is coming to an end tomorrow, with only 13% believing it will happen. Curiously, if we look at the chart on how the prediction went, from its start on May 10 and onwards, it was constantly dropping. At one point a few days ago, it stood at a sizable 65%. Currently, DOGE is priced at $0.2265, which is just slightly above the targeted price, but it’s probable that it won’t reach the allotted number by tomorrow.
Dogecoin rose about 23% in the last 7 days, with a significant surge in network activity this week. For instance, two days ago, Glassnode data indicated that active Dogecoin addresses have increased by over 500%, rising from approximately 74,600 to 469,400.
This spike in activity coincides with heightened interest from large investors, as evidenced by a 41.12% increase in large transaction volumes. Additionally, open interest in DOGE futures has climbed to $1.65 billion, suggesting that traders are position…
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