12,000,000,000 Dogecoin In 24 Hours, Big Shift Incoming?

Key Points

1. Dogecoin's price declined by 1.37% to $0.1645, but open interest in futures markets surged with 12.3 billion DOGE committed in 24 hours.

2. Gate.io holds the highest open interest at 29.77%, accounting for 3.58 billion DOGE worth $588.36 million.

3. Other major exchanges like Binance, Bybit, and Bitget also show significant commitments of $400.69 million, $279.59 million, and $204.02 million, respectively.

4. Analyst Ali Martinez predicts a potential 50% jump in Dogecoin's value if it stabilizes above $0.16.

5. The high open interest suggests strong investor confidence despite market volatility and Bitcoin's dominance.