Despite the long stagnation period in the market, it was noteworthy that the number of active addresses in the Dogecoin network increased by 265% in the last two months. Famous crypto analyst Ali Martinez described this development as “A great development that can be positively reflected in the price of Dogecoin!” interpreted as.

According to data from IntoTheBlock, which provides information about the market to investors, the number of active addresses in the DOGE network increased by 265%. After this development, the number of active addresses in the network exceeded 38 thousand 430 in total.

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DOGE continues to inspire and influence other memecoins since its launch. It was a huge step forward for Shiba Inu and DOGE when it functioned as a payment option on Nasdaq-listed Coinbase Commerce last month.

Likewise, it was remarkable that Tesla CEO Elon Musk made statements that he would support DOGE. The fact that Musk started to accept payments with Dogecoin on the transportation network in Las Vegas and accepting DOGE for products on the Tesla website were interpreted as the reasons for the increase in the number of users.

Mercuryo Adds Support for DOGE

Global payments network Mercuryo announced that it has added support for Dogecoin (DOGE) and Ripple (XRP). Mercuryo has added support for Dogecoin (DOGE), XRP, Fantom (FTM), USD Coin (USDC), and Litecoin (LTC) to its payment network.

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The company relies on cryptocurrencies to process fast and efficient cross-border payment transactions. In addition, the payments network managed to raise $7.5 million in a funding round led by Target Global last June.

Mercuryo partnered with the DEX aggregator 1inch last May to enable fiat on DeFi. Another partnership of the company was with the payment network bridge Volt. Finally, the London-based company announced that it will soon open a new office in the USA and will continue to expand in the country.