The Dogecoin price has encountered notable challenges in 2024, with its adoption declining sharply since October, resulting in a net loss of over 106,000 active wallets. The overall user activity has decreased, signaling potential issues with Dogecoin’s adoption.
As frustrations among crypto investors increase, many are exploring other options. One alternative is the WallitIQ (WLTQ) altcoin, which some investors believe may offer significant returns by the end of 2024.
WallitIQ (WLTQ): A Growing Opportunity Crypto Investors Should Consider
WallitIQ (WLTQ) has emerged as a viable alternative for crypto investors while Dogecoin’s price remains stagnant. WallitIQ (WLTQ) integrates decentralized finance (DeFi) functions like yield farming, staking, and liquidity provision, alongside artificial intelligence tools.
With its AI-powered crypto wallet, WallitIQ (WLTQ) offers smooth integrations with DeFi, real-time insights, and smart recommendations for asset management. The platform is designed with a user-friendly interface that can be customized to individual preferences, allowing users to add widgets and view the information most relevant to them.
For added convenience, WallitIQ (WLTQ) provides automated transaction features, enabling users to set rules to help manage their assets more efficiently in response to market conditions.
The platform also incorporates security measures such as biometric and facial authentication, AES and ECC encryption tools, and continuous monitoring for suspicious activities. WallitIQ’s smart contract was audited by the security firm SolidProof to enhance user trust.
Additionally, WallitIQ (WLTQ) uses AI to conduct predictive analyses of user behavior and market trends, providing market insights tailored to users’ needs. Features like a Scan and Pay QR system for transactions, customizable alerts, and a multilingual AI chatbot are also available.
Currently, WallitIQ (WLTQ) is in presale, with early investors able to access the altcoin at a starting price of $0.0171. The first stage of the presale is progressing, with initial interest from investors.
The Impact Of The Declining Adoption On The Dogecoin Price
Dogecoin’s adoption rates have hit a concerning low, with a sharp decrease in the number of holders and active wallets since October 8, 2024. According to on-chain data from Santiment, the number of non-empty wallets has decreased by around 106,600, reflecting growing frustration among Dogecoin holders over its stagnant performance. Â
The Market Value to Realized Value (MVRV) ratio for the Dogecoin price has risen to 4.93%, indicating that the meme altcoin is overbought. Historically, such spikes in MVRV have been followed by the Dogecoin price corrections, raising concerns about an impending sell-off.Â
Despite a brief 100% jump in trading volumes, these market signals suggest that the rally may not be sustained for long, increasing bearish pressure on Dogecoin price. Active addresses for Dogecoin have also hit a six-month high in early October 2024, but this brief spike was short-lived.Â
The number of active addresses has since plummeted, reflecting a significant reduction in network activity. This nosedive in user participation mirrors broader market disinterest in the Dogecoin price stability, a worrying trend for the meme altcoin’s future growth.Â
Conclusion
The Dogecoin price suggests more drops, so crypto investors are turning more and more to the WallitIQ (WLTQ) altcoin rival as a more dependable investment option. This altcoin rival is currently selling out quickly during its presale stage and has been officially listed on CoinMarketCap.
Join the WallitIQ (WLTQ) presale and community:Â
Join WallitIQ (WLTQ) Presale | Join the WallitIQ (WLTQ) Community
