Dogecoin (DOGE) Hits 2-Year High Fueled by X Integration Rumors

• DOGE price soars to $0.2266, its highest since 2021, amid X platform integration rumors.
• Dogecoin’s 24-hour volume jumps 17%, hitting $5.86B.
• Futures tracking DOGE see open interest surge to $2B, indicating a rising bet on volatility.

In the last 24 hours, bullish momentum has had the upper hand in the Dogecoin (DOGE) market. After starting the day at a price of $0.1986, DOGE rallied to $0.2266, its highest level of since 2021. This surge comes amidst a backdrop of increasing transaction volumes and speculation surrounding the potential integration of Dogecoin on the social media platform X, owned by Elon Musk. 

DOGE/USD 24-hour price chart (source: CoinStats)

The surge in Dogecoin’s price is accompanied by a 17% increase in trading volumes, reaching $5,869,996,594 within the past 24 hours, while its market capitalization surged by 6% to $5,869,996,594. This surge in trading activity signifies growing investor interest and participation in the DOGE market, fueling the upward momentum of the cryptocurrency.

Furthermore, futures tracking Dogecoin have witnessed a surge in open interest, climbing to nearly $2 billion across various crypto exchanges. Th…

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