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Dogecoin Bullish Bets Reach Record $1B

Release: 2024/03/01 06:28 Reading: 690

Original author：CoinPedia News

Original source：https://coinmarketcap.com/community/articles/65e0c4e7438f5a2e28115223

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.

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