Dogecoin's open interest data is gradually increasing, indicating a recovery in the cryptocurrency. Currently, there are 9.16 billion DOGE in committed assets by futures traders, up 1.06% in the past four hours. The renewed interest in Dogecoin is reflected in the large amounts committed to futures trading on exchanges like Gate.io, Binance, Bybit, Bitget, and OKX. Gate.io has the largest exposure in the futures market with $754.73 million worth of DOGE committed. Despite a current price decline, the future of Dogecoin looks optimistic, with investors showing confidence in the meme coin. The anticipated Dogecoin ETF product may further boost price rallies in the coming months.



Other News from Today