Dogecoin has recently garnered significant attention in the crypto market due to a sharp increase in price and trading volume. Let's explore the main factors driving this event.

Rise in Open Interest and Demand for Dogecoin

A major indicator is the open interest for DOGE futures, which has recently reached $800 million. This significant increase indicates strong bullish sentiment among traders who are keen on this meme cryptocurrency.

DOGE Price Surge and Trading Volume

In the last 24 hours, DOGE price surged by 12.01%, reaching $0.1359. This increase was accompanied by more than 50% growth in daily trading volume, which reached $2.21 billion. This reflects the renewed interest in Dogecoin and active participation on various trading platforms.

Market Capitalization and Active Dogecoin Addresses

As a result of the price and trading volume growth, Dogecoin's market capitalization neared the $20 billion mark. In addition, the number of active Dogecoin addresses increased to 133,880, reaching an eight-month high. This signals increasing activity within the Dogecoin network.

Considering these data and indicators, Dogecoin has demonstrated confident signs of continued growth. Further increases in activity and interest from traders and investors are expected in the near future.