Dogecoin, the leading meme coin on the market, has caught the crypto community's attention with a significant price surge, following Bitcoin's trend.
Dogecoin Price Rise
Dogecoin has seen a significant price surge thanks to a rising correlation with Bitcoin. While many altcoins have failed to follow Bitcoin's success, Dogecoin continues to soar.
Emergence of Bullish Signals
In addition to increased trading activity, Open Interest has also skyrocketed by 19.53%, marking another bullish signal, indicating a sharp increase in the number of open positions for the meme coin.
Forecasts for Dogecoin
As of writing, Dogecoin is trading at $0.1335, after a 9.61% jump in the last 24 hours. The market capitalization of the meme coin has also surged 9.66% to $19.55 billion. Positive market sentiment is expected to continue.
Dogecoin is showing sustained growth amid rising open interest and trading activity, contrary to the usual skepticism towards meme coins.
