{"id":7637,"date":"2025-05-28T11:01:00","date_gmt":"2025-05-28T10:01:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=7637"},"modified":"2025-05-28T10:27:13","modified_gmt":"2025-05-28T09:27:13","slug":"why-dogecoin-price-could-skyrocket","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/why-dogecoin-price-could-skyrocket\/","title":{"rendered":"Why Dogecoin (DOGE) Could Be Ready to Skyrocket Soon"},"content":{"rendered":"\n

Between Collective Enthusiasm and Correction Risks<\/strong><\/h2>\n\n\n\n

Dogecoin<\/a><\/strong> Open Interest (OI) surged by 5.24% in just 24 hours<\/strong>, reaching a staggering $1.3 billion<\/strong>. This remarkable increase reveals the growing enthusiasm of traders<\/a> for this highly popular cryptocurrency<\/a>, known for its volatile price movements.<\/p>\n\n\n\n

A notable fact is that the entire OI spike comes from perpetual contracts<\/strong>. This indicates that short-term speculators currently dominate the DOGE <\/strong>market, betting on future price fluctuations<\/strong>, both upwards and downwards.<\/p>\n\n\n

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\"open<\/figure>\n<\/div>\n\n\n

Source: Coinalyze<\/p>\n\n\n\n

Coinalyze data analysis reveals that Binance and Bybit<\/a> dominate the lion’s share of Open Interest on Dogecoin<\/strong>. Binance controls $581 million<\/strong> of OI, while Bybit holds $410 million. OKX lags behind with $244 million. This unequal distribution highlights the concentration of trading activity on a few key platforms. The 5% increase in open interest suggests that more traders anticipate significant price movements on DOGE<\/strong> in the days ahead.<\/p>\n\n\n\n

Dogecoin : Towards a New Explosive Hype ?<\/strong><\/h2>\n\n\n\n

Although open interest data does not specify whether traders are bullish or bearish, the significant surge observed is a sign that a trend reversal<\/strong> is looming for Dogecoin. The volume of leveraged positions and the future price direction will determine whether this OI increase will result in gains or losses for investors.<\/p>\n\n\n

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\"heatmap<\/figure>\n<\/div>\n\n\n

Source: Coinglass<\/p>\n\n\n\n

The crypto market<\/a> remains an exciting arena, offering numerous opportunities for savvy traders. Dogecoin, as a leading figure among memecoins<\/strong>, continues to attract attention and investments from traders<\/strong>. How to invest in DOGE right now? Here’s how with a reliable exchange platform<\/a> (Bitget):<\/p>\n\n\n\n

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  1. Create an account on Bitget<\/a> by signing up with an email address and completing KYC verification.<\/li>\n\n\n\n
  2. Deposit funds via credit card, bank transfer, or by transferring cryptocurrencies.<\/li>\n\n\n\n
  3. Search for DOGE\/USDT<\/strong> in the Spot or Futures section.<\/li>\n\n\n\n
  4. Place your buy order based on your strategy (market, limit, futures).<\/li>\n\n\n\n
  5. Confirm the transaction and find your tokens directly in your account.<\/li>\n<\/ol>\n\n\n\n
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    Buy DOGE on Bitget now !<\/a><\/div>\n<\/div>\n\n\n\n

    More on this topic :<\/strong><\/p>\n\n\n\n