! ! ! Important reminder! ... Holders of Dogecoin must read this.
With the recovery of the market, Dogecoin has risen by 6% again, to $0.44. Data shows that since November 12, the price of DOGE has been between $0.35 and $0.45. This position has become a strong support.
What caused the price increase today?
$BTC broke through the $100,000 mark for the first time. Affected by the bullish sentiment, many altcoins also rose. Every time the altcoins rose, MEME coins were the first to bear the brunt, and DOGE followed suit. In addition, Dogecoin is the only currency with a significant daily increase after Ethereum, and its popularity is quite high.
Another reason for the rise of Dogecoin is the surge in its financing rate. Before the price rose on the 5th, the weighted financing rate of the open interest rate soared. After 8 hours, the open interest rate soared to 0.098%, which also shows that the number of people who dare to go long is increasing. At the same time, the open interest OI is at a historical high, increasing by 17% within 24 hours. As high as 4 billion US dollars
With Trump taking office in January 2025, Musk will be the biggest beneficiary. DOGE, as Ma's own son, still has a lot of circulation space, such as X's reward payment, Tesla can use Dogecoin payment, etc. Can it rise to 2 US dollars or even 5 US dollars in the future? Type 888 in the comment area and I will explain it in detail later. Or click on the main leaf to add a follow, read the introduction, and find me for the answer one step faster than others
