Will Dogecoin (DOGE) Ever See $1? Analysis Company Responds Based on Latest Data

Cryptocurrency analysis firm Alphractal highlighted the strong performance of the network and miners in its latest report for Dogecoin (DOGE). According to the company's analysis, Dogecoin's miner hash rate is approaching record levels, while indicators measuring the stability of the network are showing positive signals. The Network Stress Index developed by Alphractal does not currently indicate any risk signals. This composite index consists of the following three components: Fee Stress (ratio of transaction fees to market value – 40% weight), Processing Power Stress (30-day hash rate volatility – 30% weight), Supply Stress (7-day active supply volatility – 30% weighting). Related News: Nasdaq Listed Company Announces $700 Million Purchase of Surprise Altcoin - But Price Remains Flat The index is moving at low levels, indicating that the network is balanced in terms of economics, security and activity. The analysis also highlights the company's Alpha Price Model and CVDD adjustment. These tools are claimed to be quite effective in identifying peaks and troughs in UTXO-based blockchains like DOGE. Currently, the CVDD peak is $0.54, but the analysis indicates that this level could be surpassed by the movement of dormant Dogecoins, potentially surpassing $1. However, the report also reminds that caution should be exercised against the risks of sudden declines and mass liquidation in the crypto market, where leverage ratios are increasing. *This is not investment advice. Continue Reading: Will Dogecoin (DOGE) Ever See $1? Analysis Company Responds Based on Latest Data