Dogecoin (DOGE) recently witnessed a noticeable increase in the open interest (OI), as the total value of the derived contracts suspended in the encrypted currency exceeded $ 1.9 billion, according to what it said. Coinglass Visions.
This increase in open interest indicates an increase in trading activity, a trend that usually reflects the increasing speculation and interest in future price movements. Historically, a significant increase in open interest in encrypted currencies has been associated with increasing market fluctuations, often leading to concerns about potential price corrections due to excessive positions.
DOGECOIN Prices (DOGE) 5 % in 24 hours
As of March 25, 2025, Dogecoin is traded at a price of about $ 0.192, which reflects a 5 % price increase within 24 hours, pushing the market value to 28.5 billion dollars. This reinforces Dog’s position as the largest mechanical in the cryptocurrency market.
Dogecoin has seen bullish stimuli recently. As U.today mentioned, an official Dogecoin (Doge) reserve has been created with an initial commitment of 10,000,000 DOGE icons. The new reserve aims to accelerate the dependence of Dogecoin and the global payment.
These developments have contributed to the last rise in the interest of the investor, as both Dog’s price and its open benefits (OI) rose.
What is the next for a fever?
The market participants will closely monitor the open benefits, trading volume and price movements to assess the sustainability of this last upward trend.
Recently, external stimuli, such as Elon Musk and the Ministry of Government efficiency (DOGE), feed the enthusiasm of the investor for the famous mechanics. If the broader encrypted currency market continues to show signs of recovery, build a momentum for Dogecoin (Doge), the distinctive symbol may be on the right track to make more gains.
Related
However, traders should remain vigilant, because high open attention (OI) can also increase the volatility. Currently, the return of Dogecoin indicates attention and open price that the beloved mim currency is far from extinction. Its next big step can be just around the corner.
