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The Dogecoin open interest has seen a notable explosion over the last few days amid heightened excitement for the Donald Trump Inauguration Day on January 20. This event has quickly become the most anticipated event in crypto currently, marking the entrance of the very first pro-crypto president into the United States White House. Thus, traders are expecting the inauguration to be positive news for the market and are already placing their bets on it.
Dogecoin Open Interest Climbs To $4.27 Billion
The Dogecoin open interest started seeing a notable climb toward the end of 2024 and the last days saw it rise over $2.7 billion. Since then, the Dogecoin open interest has almost doubled, with notable daily surges happening as crypto traders take their positions. This has led to a new one month high for the open interest, showing the rising participation from crypto investors all…more
Source bitcoinist.com
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