🐕 Dogecoin in July: Is the memecoin getting serious?
Dogecoin (DOGE) is making headlines this month after a rise of more than 10%. This momentum is due to the breakout of a bullish technical pattern and the explosive increase in derivatives: the volume of DOGE options grew by 224.73%, surpassing $103.81 million, while open interest rose by 13.52%. These figures reflect strong speculation about its future price.
Additionally, the enthusiasm for a possible Dogecoin ETF has sparked institutional interest. Analysts estimate a 90% probability of approval by the end of the year. If it materializes, DOGE could establish itself as a legitimate asset, beyond its origins as a joke.
Are we witnessing the rebirth of a cryptocurrency with its own culture and backing from figures like Elon Musk? The market seems to be betting on it.
The Market Periodical and OKX News
