Dogecoin
Why Dogecoin is up 7.7% today
Analysis
Dogecoin rose 7.7% over the past 24 hours as derivatives activity picked up, with open interest reported up 12%, signaling renewed trader positioning and momentum (U.Today). Sentiment also appeared supported by market commentary highlighting DOGE as a “best crypto to buy now” alongside other large-cap names, which can draw incremental attention and flows (CryptoNews).
Contributing Factors (3)
Dogecoin Regains Momentum as Open Interest Soars 12%
Dogecoin's futures traders have swung into full action over the past day, with its open interest soaring past 12% over the period as its price turns bullish.
Best Crypto to Buy Now February 12 – XRP, Dogecoin, Solana
Crypto believers are playing the long game, making downturns like this one the best time to buy more.As Bitcoin ($BTC) struggles below $70,000, some of the biggest altcoins are trading far below their...
Dogecoin Inflation Down: Five Billion DOGE Minted Yearly, But Rate Slows
Interesting fun fact shared about the biggest dog coin by market capitalization, Dogecoin (DOGE).
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.