Dogecoin's 20% Surge Captures Investors' Attention
Dogecoin's 20% Surge Captures Investors' Attention
The meme coin is now trading at around $0.22, a whopping 20% increase from just 24 hours ago.
This marks Dogecoin's highest value since December 2021, a sign that it is starting to regain some of its former glory.
- If DOGE manages to sustain these gains, it will likely notch three consecutive green daily candles – a feat that will surely leave holders buzzing.
DOGE Rally Fueled by X Rumors & Rising Open Interest
Rumors have been swirling that DOGE could soon be integrated as a payment method on X (formerly Twitter).
Investors' heightened interest in DOGE is also reflected in the surging exchange open interest, which has rocketed to $1.7 billion today.
While it's always difficult to pinpoint the exact catalyst behind a coin's rally, the buzz around potential X integration and the growth in open interest are two factors that can't be ignored in Dogecoin's case.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.