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Dogecoin Demand Slumps—Nearly 70% Drop In Open Interest Raises Concerns

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Dogecoin Demand Slumps—Nearly 70% Drop In Open Interest Raises Concerns - NewsBTC

Quick Summary:

In contrast, Bitcoin and Ethereum have maintained higher open interest levels, smaller altcoins like Dogecoin are seeing dramatic declines.#Dogecoin $DOGE open interest has declined by 67% over the past three months, dropping from an all-time high of $4.07 billion to just $1.33 billion today! pic.twitter.com/yRXjqqljNC — Ali (@ali_charts) February 27, 2025 Network Activity Falters Network activity of Dogecoin is likewise declining.

Also, as more projects come out on the market, the battle for investors’ attention gets tougher.… But Institutional Interest Still Alive Meanwhile, Dogecoin still packs some appeal to a number of institutions, even though OI and network activity have gone down.

Notable Drop In Dogecoin Open Interest Open interest measures the active contracts on futures and option exchanges.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 23:00:09 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 86 lines

Sentence Length: 6 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 26529861

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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