Dogecoin Bullish Bets Reach Record $1B

The post Dogecoin Bullish Bets Reach Record $1B appeared first on Coinpedia Fintech News

Dogecoins were up over 40% in the past 24 hours. Traders are using prominent meme tokens as bets for their blockchains, Ethereum and Solana. DOGE futures set a record open interest at $1 billion – signaling more substantial interest. An increase in open interest signifies new and significant inflows. 70% of traders are long DOGE, expecting it to go higher. However, The token’s RSI level indicates a possible trend reversal. Despite this, the token core version was released to enhance security, upgrade node operators, and introduce ordinals.