Dogecoin (DOGE) has seen a significant surge in active addresses recently, with the network exceeding 127,570 active users. This surge is fueled by positive market sentiment and growing adoption, prompting questions about its potential to reach the coveted $1 price point. While this spike in activity suggests increased user engagement and potential for further price increases, some analysts are cautious, highlighting that Dogecoin’s success hinges on factors like Bitcoin’s movement. The correlation between DOGE and BTC has historically been strong, so a favorable trajectory for Bitcoin could amplify Dogecoin’s gains. On the other hand, a decline in Bitcoin’s value might negatively impact DOGE, potentially leading to price drops. This dynamic raises questions about whether this activity will lead to sustained bullish momentum or simply temporary fluctuations.