BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Dogecoin Trading Hits New Heights with $600M Futures Interest

by BlockNews.com Team
November 17, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 3 mins read
A A
#image_title

#image_title

2
SHARES
25
VIEWS
Share on XShare in TelegramShare on Reddit
  • Open interest in Dogecoin futures has surged 40% in 24 hours across major exchanges like Binance, indicating renewed trader interest.
  • Dogecoin’s revival comes amid a broader uplifting of crypto sentiment, with Bitcoin and Ethereum also rallying after favorable SEC comments.
  • Evidence of Dogecoin’s resurgence can be seen in its 627% market cap growth, showing it remains relevant despite new altcoin competition.

Dogecoin futures trading has seen a massive resurgence lately, with open interest skyrocketing to over $600 million. This renewed interest can be attributed to several factors, both within the crypto markets and beyond.

Surging Open Interest

Open interest in Dogecoin futures on major exchanges like Binance, Bybit, and OKX has jumped by 40% in just 24 hours. Binance holds the lion’s share at $275 million, followed by Bybit at $134 million. The balanced ratio between longs and shorts indicates traders are hedging risks.

Wider Crypto Positivity

Dogecoin’s revival comes amid a broader uplifting of crypto sentiment. Major coins like Bitcoin and Ethereum are also rallying. This is likely connected to favorable SEC comments about a spot Bitcoin ETF. Some think this presages a correction, but the mood is currently bullish.

Community Spirit

The Dogecoin community has always been one of its strengths. Their fundraising previously enabled Jamaica’s bobsled team to compete in Sochi. This demonstrates the coin’s cultural footprint and user engagement.

🚨 NEWS: Dogecoin Futures Interest skyrockets by 40%, reaching $600 million.#Binance is at the forefront with $275 million in futures positions.$DOGE always gets its piece of the bull run pie 👀 pic.twitter.com/CWvZXBXsci

— BlockNews.com (@blocknewsdotcom) November 17, 2023

Market Cap Growth

Evidence of Dogecoin’s resurgence can be seen in its market capitalization, which has ballooned by 627%. This proves it remains relevant despite competition from newer altcoins.

Conclusion

With market indicators, community support, and cultural awareness all improving, Dogecoin seems to be making a comeback. However, the crypto space remains unpredictable, and prices could swing at any moment. For now, the original memecoin is having its day in the sun.

Tags: BinanceBitcoinBlockchainBybitcryptoMemecoinOKX
Tweet1ShareShare
Previous Post

Solana’s DeFi Aggregator Jupiter Announces 4 Billion Token Airdrop

Next Post

SEC Postpones Ruling on Global X’s Bitcoin ETF to Early 2024

DON'T MISS THESE! HOT OFF THE PRESS

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?
CRYPTO

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Load More

Related News

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.