Dogecoin Jumps 27% as Bitcoin Inches Closer to Record Price

Dogecoin reached the highest price in months early Saturday and hit almost $ 0.23 when the wider crypto market is back and Bitcoin is just one percentage point away from its own current of all time.

In the past week, DOGE almost 27% has risen to a current price of $ 0.225, including an increase of 9% in the last day alone. The previous price peak of Saturday is the highest registered for Dogecoin since 2 March, by data from Coentecko.

Together with price winsts, open interest on Dogecoin is the highest level since mid -February, per CoinglassCurrently for $ 2.52 billion. Open interest measures the total value of futures contracts that have not yet been arranged.

Of course, both markings are far under their respective peaks: Dogecoin was $ 0.73 in 2021 and has not since come close, only in December, in December, only $ 0.48. And Doge Open Restrain peaked at $ 5.5 billion in January, but in recent weeks it had fallen as low than $ 1.3 billion when the price dropped.

When Decrypt Reported Friday, Dogecoin is not the only meme coin that achieves considerable profits this week. In fact, last year’s viral knife coins such as MOE DENG (Moedeng) and Peanut The Squirrel (PNUT) are much more in the same period, with Moodeng who almost triples this week.

Under the highest value cryptocurrencies, Doge is only second for Ethereum in weekly profits, with EHH yielding a huge increase of 32% in the last seven days, fed by the successful Pectra network upgrade and wider market sentiment fluctuations. ETH is $ 2,409 from this letter.

Bitcoin naturally remains an important focus for traders, with the leading cryptocurrency through market capitalization that recovered a prize of $ 100,000 earlier this week and touches almost $ 104,000 on Friday. Bitcoin is currently priced at $ 103,700 only 5% of its highest point of $ 108,786 in January on President Trump’s inauguration day.

Daily crypto market liquidations amounted to $ 1.1 billion from Friday morning, thanks to the market setup, where Ethereum is responsible for the most damage – and short traders who feel the most pain.