New data shows that the adoption of Dogecoin is up, given the number of addresses that are transacting on the network. Dogecoin has now hit its highest point in terms of new daily addresses.

This increase in the number of people using DOGE on the network points to healthy growth for the meme coin.

So despite the fact that the price of the digital asset is down by a large margin, it is enticing investors who likely see the current price of the digital asset as a prime entry point.The majority of DOGE holders are still seeing profit at 52%.