Data reveals that Dogecoin reached its recent cycle peak in December 2024, specifically aligning with Alphractal’s CVDD Alpha metric – a proprietary indicator used to identify market peaks. This historical data indicates the accuracy of CVDD Alpha in predicting both market highs and lows. However, Wedson notes that last year’s Reserve Risk indicator indicated limited conviction among long-term holders, despite this top being predicted by the same metric since 2016. Recent trends suggest accumulating Dogecoin is becoming increasingly common amongst investors holding for less than six months, as seen on Hodl Waves charts. This pattern mirrors patterns observed in Bitcoin and previous Dogecoin cycles, often leading to strong price surges. Short-term holders’ actions signify a potential influx of speculative capital, driving up Dogecoin’s Realized Cap and overall network value.