The original memecoin with dog theme shows signs of a bullish reversal, says the leading crypto-analysis platform Santiment.
According to For santiment, Dogecoin (Doge) “signals a potential turning point as soon as crypto markets stabilize” as the number of portfolios increases.
“Dogecoin is, like most meme coins, hammered during the two-month crypto-wide retrace. However, we recommend that you monitor the rising level of portfolios with at least a million doge, which has been restored during the price flow. Active addresses are also four months high.”
Santiment says that the number of Dogecoin portfolios has risen by more than 1% by more than a million doge since the beginning of February. In March, the largest memecoin per market capitalization also recorded spikes in address activity, with the number increasing to more than 150,000 active addresses per day.
Dogecoin acts at $ 0.166 at the time of writing, with around 62% compared to the 2025 high of around $ 0.434.
Santiment turns into development activities under the leading crypto projects, out The number of contributors has decreased in the past month.
“And if we change the perspective and zoom in to just the past one month, it is a bit daunting to see that every ecosystem has taken their foot off the gas in the top 10. Development activity events have fallen across the board, whereby only Cosmos and Solana see an increase in contributors.”
In the past six months, Santiment says that the only ecosystem that has registered an increase in the number of contributors is the Layer-2 Scaling Solution Optimism (OP).
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