DOGE Surges 8.53% on Binance as Trading Volume Soars and Cloud Mining Drives Adoption

Dogecoin (DOGE) experienced an 8.53% price increase over the last 24 hours on Binance, rising from $0.15093 to $0.16381. This upward movement is primarily attributed to a strong rebound following a weekend selloff, where DOGE dropped to $0.143 before recovering above $0.153, supported by a surge in trading volume and robust buyer interest. Additional factors contributing to the price rise include DOGE leading the altcoin recovery after a significant $1 billion market-wide liquidation event and positive sentiment from the launch of DOGE cloud mining options, which has increased adoption potential. Open interest in DOGE futures on Binance also grew by 1.75% to $1.82 billion, with a high long/short ratio of 2.89, indicating prevailing bullish sentiment. Over the past 24 hours, DOGE traded between $0.1492 and $0.165, with trading volume reaching approximately $1.27–$1.47 billion and a market capitalization of around $24 billion, placing it among the top 10 cryptocurrencies by market cap.