Dogecoin Frenzy Returns: $3.4B Open Interest Signals Major Move Ahead
TL;DR Open interest spikes: Dogecoin open interest hit $3.41 billion, rising over 3 percent in four hours as traders rotate back into risk. Roughly 14.41 billion
Dogecoin (DOGE) is the forerunner of what are known as meme cryptocurrencies or memecoins.
Although this class of digital currencies has no technology to add value or increase its use cases, like Ethereum, memecoins have gained great popularity among investors thanks to the large increases they have experienced.
Dogecoin is frequently named after billionaire and Twitter CEO Elon Musk, who considers himself a fan of it.
Here you will find the latest news related to Dogecoin, the most important memecoin in the market.
TL;DR Open interest spikes: Dogecoin open interest hit $3.41 billion, rising over 3 percent in four hours as traders rotate back into risk. Roughly 14.41 billion
TL;DR Price Surge: Dogecoin rose almost 4% in 24 hours, trading near $0.21 and reentering a key buy zone. Historical Pattern: The memecoin has tapped a
TL;DR Dogecoin dropped 1.66% in the last 24 hours and is now trading at $0.2001, with a 24-hour trading volume of $1.45 billion, down nearly 18%.
TL;DR Dogecoin plunged 9% to $0.114 amid fading hype and profit-taking after failing to break key resistance. Massive whale transfers: 310 million DOGE ($35M) moved to
TL;DR Dogecoin shattered a seven-month downtrend, surging over 13% to about $0.24 on a breakout above key diagonal resistance, backed by a spike in on-chain volume.
TL;DR Nasdaq filed a formal request with the SEC to list a Dogecoin ETF operated by 21Shares, using the S-1 form. Grayscale and Bitwise also moved
TL;DR ETF Application Launch: 21Shares files a spot Dogecoin ETF application with the SEC, tracking DOGE using the CF DOGE-Dollar US Settlement Price Index. Institutional Backing:
TL;DR Elon Musk officially denied that the U.S. government has any plans to use Dogecoin in an official capacity, clarifying at a public event that there’s
TL;DR Grayscale launched the Dogecoin Trust to enable investment in DOGE without the need to directly own the cryptocurrency. Dogecoin has evolved from a memecoin into
TL;DR Dogecoin and other memecoins have seen a significant decline in social media dominance, with traders shifting focus to more established cryptocurrencies like Bitcoin. Santiment’s analysis
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
© Crypto Economy