Dogecoin, the well-known memecoin, has recently experienced a surge in network activity, even though its price has remained relatively stable.

While the cryptocurrency has seen minor fluctuations in its price, technical analysis suggests potential for further losses.

Despite this, there has been a significant increase in Dogecoin's network usage, with over 890,000 new addresses created in just the past week.

These new users have contributed to an impressive 86% adoption rate, engaging in transactions on the Dogecoin blockchain.

This surge in network activity, along with the stable price, raises questions about whether the price of DOGE will soon reflect the increased network usage.