Will Dogecoin Reach $1? Alphractal Analyzes Network Health and Predicts Potential

Cryptocurrency analysis firm Alphractal offers insights into the Dogecoin (DOGE) market, highlighting its strong network performance based on recent data. Their latest report reveals that Dogecoin’s miner hash rate is approaching record levels while indicators suggest a stable and balanced network. The Network Stress Index developed by Alphractal has not detected any risk signals, indicating a healthy equilibrium in terms of economics, security, and activity. 0 0 The firm also utilizes their Alpha Price Model and CVDD adjustment to identify potential peaks and troughs in UTXO-based blockchains like DOGE. While the current CVDD peak stands at $0.54, they predict a potential surge surpassing this level as dormant Dogecoins move. However, the report cautions against the risks of sudden market downturns and mass liquidation, which may heighten leverage levels in the crypto space.