Dogecoin has evolved from being a joke coin into one of the market’s top-10 cryptos over the past year. For many supporters, it is no more a meme-coin. Instead, to them, it is an asset worthy of investment. Is that so tough?

Whatever may be the case, it cannot be ignored that of late the altcoin has been doing well.

Is Dogecoin still investment-worthy?

Doing well with the exception of an anomaly that happened recently. In fact, the same could have a significant impact on the Crypto market too.

These cruiser numbers have grown by 1.5 million addresses over the last year. Their average DOGE holding time comes up to about 3 months. And at the moment, it appears that these cruisers are moving to sell their Dogecoin.

2 days ago, the Dogecoin price fell by 12% on the price charts. At press time, market order depth seemed to show that selling has taken precedence over buying. Selling orders were higher than buying orders, up by 70 million DOGE.

However, due to the high Return on Investments noted by Dogecoin, it could instead draw more investors. Dogecoin’s ROI is now higher than BTC and ETH.

What’s more, a strong value on the MVRV ratio (2.25), combined with the news of Watford FC wearing Dogecoin’s logo, is likely to gain buyer's attention.

Where do you ask? Within 3 dormant addresses. And in no small quantities either.

Between these top 3 dormant addresses, over 7.8 billion Dogecoin remains unmoved for over 3 years now. This Dogecoin is worth well over $2.23 billion and accounts for about 6% of Dogecoin’s total supply. Not only this, but the total supply held by the top 10 dormant addresses comes up to a total price of $3.29 billion.

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