Dogecoin Price Recovery Sends OI Above $1.2 Billion, But Is It Sustainable?
Following the bitcoin recovery above the $76,000 level last week, the Dogecoin price also saw a notable increase, rising by more than 10% in a 7-day period. This naturally saw a rise in interest in the meme coin and translated to a surge in its open interest. While this initial surge has been bullish, it now begs the question of whether the digital asset will be able to maintain this trajectory or risk another crash. Dogecoin Open Interest Reaches 2-Month Highs When the Dogecoin price surged past $0.1 recently, the open interest rose rapidly at the same time. The result of this surge was....
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Ever since the infatuation between Elon Musk and the meme-based cryptocurrency dogecoin, a number of people have looked at the asset critically. News.Bitcoin.com recently reported on the mysterious dogecoin wallet that absorbed more than 27% of the coin’s supply since February 6, 2019. This week, the dogecoin wallet with $3 billion worth of the crypto asset has been creating odd transactions with binary messages, further adding to the speculation that the address might be Musk’s wallet. Cryptic Binary Code, Elon’s Birthday, and Transaction Gibberish The cryptocurrency....
Moein Haddadian, a TradingView crypto analyst, has unveiled a new Dogecoin price prediction, suggesting that a breakout is on the horizon. The analyst highlights key resistance levels that must be cleared before the popular meme coin experiences a price recovery above the $0.3 threshold. Dogecoin Price Faces Resistance On Path To Recovery Dogecoin has been […]
Grayscale’s Dogecoin ETF is set to start trading today, marking a positive for the DOGE price. Crypto analyst BareNakedCrypto has explained why this could be the catalyst that sends the foremost meme to a new all-time high (ATH) of $10. Grayscale Confirms Dogecoin ETF Launch In an X post, Grayscale confirmed that its Dogecoin ETF […]
Popular meme coin, Dogecoin, is on a 7-day rampage. The token has recovered over 41% of its value following the market recovery. Dogecoin has also recorded over 17% on the day, making it one of the best-performing tokens in the past 24 hours. The cryptocurrency market has been recovering from its recent slump, which has seen many altcoins gain significant gains. However, Dogecoin has outperformed most other coins in the top 20 by gaining more than 41% in just seven days. DOGE’s price surge comes after Elon Musk visited Twitter HQ yesterday following his Twitter acquisition announcement.....
Recently, a Dogecoin developer flagged a new scam attempt, alerting the community to the rise of suspicious token promotions. Despite the decentralized nature of the crypto space, there has been growing scam activity, especially involving speculative assets like Dogecoin (DOGE). Dogecoin Developer Cautions Against New Scam A pseudonymous Dogecoin developer known as ‘inevitable360’ has taken […]