New altcoin era? Dogecoin liquidations briefly surpass Bitcoin
Dogecoin liquidations briefly surpassed Bitcoin, indicating high demand for DOGE and the altcoin market. Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover.Various trends and metrics, such as social volume, trading volume, and liquidations in the futures market indicate that DOGE remains one of the most frequently traded cryptocurrencies in the global market.DOGE/USDT 15-minute price chart (Binance). Source:....
Related News
In the past week, the Dogecoin price has jumped more than 25%, allowing it to challenge Nxt for a top-five market cap ranking. CCN examines this altcoin price movement to help investors make informed trading decisions. Dogecoin enthusiasts have "much" to celebrate and this fervor has moved into the Dogecoin price, as well. Dogecoin Price Continues to Climb. Investors have become very bullish on Dogecoins. One month ago-on August 25-the Dogecoin price was a lowly 22 satoshis-and the once-great altcoin risked losing its top-ten market cap ranking. However, the community remained resilient,....
Crypto liquidations have been ramping up coming out of the weekend. The market had recorded a number of dips that saw more than $80 billion shaved off the crypto market. This had meant that bitcoin had declined to the $38,000 territory and had taken the rest of the market with it. However, contrary to expectations that the digital asset would record the most liquidations, that title had been claimed by the second-largest cryptocurrency, Ethereum. Bitcoin, Ethereum Lead Liquidations Bitcoin liquidations were no doubt one of the highest in the space. Being the biggest digital asset in the....
Bitcoin price had touched briefly above $25,000 in the past day, but the rejection at this point had sent the digital asset spiraling downward. It had inevitably ended in the high $23,000 before staging a recovery. However, by then, the damage had already been done to a lot of traders. Liquidations had ramped up as […]
Shiba Inu and Dogecoin have been in one of the most bitter rivalries that the crypto space has ever seen. Not only do they compete in terms of returns but also in terms of community. Both digital assets have seen their communities grow tremendously in the last year. However, Dogecoin has always been in the […]
Data shows the crypto futures market has observed almost $350 million liquidations during the past 24 hours as Bitcoin briefly slipped below $20k. Around $348 Million In Crypto Futures Got Liquidated In The Last Day In case anyone doesn’t know what a “liquidation” is, it’s ideal to first get a basic understanding of how margin […]