Heres What Will 1 Dogecoin Be Worth If Its Used by 100 Million People Daily
Amid ongoing discussions about Dogecoin's potential, a key point is emerging regarding its possible value in a hypothetical scenario where 100 million people use it daily.This scenario suggests massive adoption and demand. While accurately predicting DOGE's market value in such a situation is challenging, this analysis relies on suggestions from OpenAI's ChatGPT.How Many People Use Dogecoin Daily Today?Currently, Dogecoin is trading at $0.1620, up 2% in the last 24 hours. This price reflects a massive 49% slump since the start of 2025. Interestingly, this dramatic bearish turnaround in Dogecoin's price this year aligns with a significant dip in the number of its daily active users.According to data from the intelligence platform Santiment, Dogecoin currently sees 39,507 daily active addresses. Exactly a month ago, this number was about ten times higher. Dogecoin recorded 391,450 daily active wallets as it traded at $0.1723.Meanwhile, as of November 22, 2024, Dogecoin reached an all-time high in daily active users, with 1.64 million active daily wallets. This peak in user activity coincided with the coins price trading at a three-year high. At that time, Dogecoins price was above $0.412. Just a week later, Dogecoin's price rose further to $0.4700. However, since then, it has seen a steep decline of over 66%. In parallel, daily active users have dropped by 98%, from 1.64 million to just 39,507 today.
Text source: The Crypto Basic
