Dogecoin's price surged over 26% in the past week, reaching a market cap of $15.27 billion, but has since consolidated and dropped 2.87% in the last 24 hours. The token's futures market shows increased activity with open interest at its highest since mid-May, indicating growing trader interest. Technically, Dogecoin is testing a major year-to-date resistance level; past tests led to significant selloffs, but current indicators show a strong bullish trend. The next price move depends on whether Dogecoin breaks above this resistance or faces a selloff triggered by recent FOMO.
Wallets holding between 10 million and 100 million Dogecoin saw a significant increase of about 1.14 billion DOGE over four days ending Sept. 27, raising combined balances to roughly 55.45 billion DOGE. This surge places Dogecoin's price near a key r...
Wintermute, a market maker, has taken a heavily short-biased position on the Hyperliquid trading platform, holding about $93 million in short positions versus $5.12 million in longs. The largest short is on Ether (ETH) valued at $47.19 million, with ...
A proposal on GitHub suggests reducing Dogecoin's block reward from 10,000 to 1,000 DOGE, cutting annual new issuance from about 5.3 billion to 526 million coins and lowering inflation from 3.4% to 0.3%. This change aims to protect the network's long...
Dogecoin's price fell about 5.5% to $0.0926 after briefly reaching $0.0988, despite U.S. Dogecoin ETFs seeing record inflows of $2.89 million in a week. However, new Dogecoin supply grows rapidly, with miners creating about 100.8 million DOGE weekly,...
The total cryptocurrency market capitalization rose 4% to $2.99 trillion last week, briefly surpassing $3 trillion before a slight Bitcoin pullback. Bitcoin cash (BCH) surged 34% following CME's announcement of BCH futures, while NEAR gained over 30%...
