Dogecoin’s 22% hike a product of Musk-Trump buzz, but is there more to come?

Quick Summary:

Everyone's favourite memecoin is in a good place now, but can it go to a better place soon?

Musk’s historical association with Dogecoin, including self-labeling as the “Dogefather” and tweets that drove past price gains, has added to this anticipation.

Such a hike in Open Interest may suggest that traders are positioning themselves for future movements in Dogecoin’s price.

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Article Details

Author / Journalist: Olivia Stephanie

Category: Crypto

Markets: United States

Topics: Dogecoin Trading View New news Ambcrypto News 1 Memecoins Social News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 09:00:09 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 711 words

Reading Time: 4 minutes read

Sentences: 40 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23362788

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #103

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