Dogecoin (DOGE) Revives Meme Coin Frenzy with Significant Gains

Dogecoin (DOGE) Revives Meme Coin Frenzy with Significant Gains

Oct 18 Tech Standard

Following Bitcoin's explosive price rise, Dogecoin (DOGE) is rekindling the meme coin frenzy with a noteworthy price gain. In contrast to many other cryptocurrencies, DOGE's momentum seems to be continuing, bolstered by positive market indications. Interestingly, its 24-hour trading volume has increased significantly from the previous $1 billion average, rising 30.23% to $3.94 billion, suggesting considerable investor interest.

Dogecoin's Bullish Momentum

Open Interest (OI) for Dogecoin has surged 19.53% to $926.10 million, signaling a rise in open positions and contributing to bullish sentiment. Currently trading at $0.1335 after a 9.61% jump in the last 24 hours, Dogecoin's market capitalization has reached $19.55 billion, making it the eighth largest cryptocurrency. Overall, the market is optimistic about further gains for DOGE.

HarshitKulhan

Crafting cinematic stories through the lens of my phone, I am a blogger and content writer who expresses the essence of my blogs through words

What do you think?

Show comments / Leave a comment

You are not Signed in