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 Dogecoin DOGE open interest tops 14B Is it time for memecoins to correct

Dogecoin DOGE open interest tops 14B Is it time for memecoins to correct


Published: 2024-03-05


1. Dogecoin (DOGE) open interest surpasses $1.4 billion: Dogecoin,a meme-inspired cryptocurrency,has seen a significant increase in open interest,reaching over $1.4 billion. This surge in open interest indicates growing interest and investment in Dogecoin,raising questions about whether meme coins are overvalued and due for a correction.

2. Potential correction for meme coins: With Dogecoin's open interest hitting record levels,there is speculation that meme coins,such as Dogecoin,might be overvalued and in need of a correction. The astronomical rise of meme coins like Dogecoin has caught the attention of investors and regulators alike,prompting discussions on whether the current valuations are sustainable.

3. Market sentiment and future outlook: The surge in Dogecoin's open interest reflects a broader trend in the cryptocurrency market,where speculative assets like meme coins attract significant attention and investment. As the debate over the valuation of meme coins continues,market sentiment plays a crucial role in shaping the future outlook for Dogecoin and other similar cryptocurrencies. Traders and investors are closely monitoring these developments to assess the potential risks and opportunities associated with meme coins.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 61,185.78 2,580,004,008.65
2 ARS title=ARS 1,082.90 2,078,169,302.40
3 ETH title=ETH 3,003.46 1,396,806,117.27
4 SOL title=SOL 128.35 699,754,637.15
5 PEPE title=PEPE <0.01 354,164,461.19
6 ENA title=ENA 0.81 250,588,403.02
7 DOGE title=DOGE 0.13 181,387,373.73
8 XRP title=XRP 0.49 173,542,440.20
9 ETHFI title=ETHFI 3.89 167,796,572.20
10 WIF title=WIF 2.46 137,977,430.72
11 BONK title=BONK <0.01 105,479,135.93
12 PENDLE title=PENDLE 4.39 100,788,998.53
13 AVAX title=AVAX 32.93 96,263,023.26
14 NEAR title=NEAR 6.24 85,213,182.55
15 BOME title=BOME <0.01 77,031,495.25
16 RUNE title=RUNE 4.74 72,718,600.32
17 WLD title=WLD 4.35 67,525,580.41
18 TRX title=TRX 0.12 65,171,865.09
19 SEI title=SEI 0.58 58,470,556.43
20 OP title=OP 2.34 57,725,881.92
21 MATIC title=MATIC 0.66 53,174,569.11
22 AMP title=AMP <0.01 50,179,925.66
23 ORDI title=ORDI 37.38 47,845,210.68
24 FLOKI title=FLOKI <0.01 45,583,775.83
25 FIL title=FIL 5.56 44,708,016.71

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Cats Of Sol title=COS 0.01 -17.23
2 Ooki title=OOKI <0.01 -15.11
3 Pendle title=PENDLE 4.39 -14.96
4 SSV Network title=SSV 41.97 -13.02
5 Waves title=WAVES 2.35 -12.52
6 Ether.fi title=ETHFI 3.89 -12.46
7 IRISnet title=IRIS 0.02 -11.51
8 High title=HIGH 3.56 -10.83
9 COMBO title=COMBO 0.71 -10.80
10 Metis title=METIS 57.97 -10.39
11 dogwifhat title=WIF 2.46 -10.23
12 Atlas Aggregator title=ATA 0.22 -9.98
13 SKALE title=SKL 0.08 -9.96
14 Alchemy Pay title=ACH 0.03 -9.71
15 ORDI title=ORDI 37.38 -9.32
16 Mines of Dalarnia title=DAR 0.14 -9.10
17 MANTRA title=OM 0.69 -9.10
18 OAX title=OAX 0.21 -8.77
19 Bonfida title=FIDA 0.28 -8.65
20 Balancer title=BAL 3.45 -8.60
21 iExec RLC title=RLC 2.46 -8.56
22 Orion title=ORN 1.52 -8.56
23 Hedera title=HBAR 0.09 -8.55
24 COTI title=COTI 0.11 -8.34
25 Ellipsis X title=EPX <0.01 -8.31
26 1000SATS (Ordinals) title=1000SATS <0.01 -8.28
27 Hifi Finance title=HIFI 0.71 -8.23
28 Loom Network (NEW) title=LOOM 0.08 -8.21
29 Magic title=MAGIC 0.70 -8.18
30 Santos FC Fan Token title=SANTOS 5.80 -8.17

Bitcoin's Greed and Fear Index.

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67
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Bankruptcy judge signs off on 450M FTX Voyager settlement 2024-04-30
2 Eigenlayer releases EIGEN white paper bans airdrop for US users 2024-04-30
3 Crypto investment funds see 435M outflow as bull market stalls amid rising inflation concerns 2024-04-30
4 Terraform proposes 1M penalty for SEC case no relief or disgorgement 2024-04-30
5 Solana illustrates the dark side of monolithic blockchains 2024-04-30
6 Samourai Wallet co founder pleads not guilty released on 1M bond 2024-04-30
7 MicroStrategy Q1 net loss hits 531M but Bitcoin buying spree continues 2024-04-30
8 Hong Kong ETFs begin trading issuers unfazed if US declares ETH a security 2024-04-30
9 EigenLayer users fume over restrictive airdrop others say its generous 2024-04-30
10 Someone shit in the jacuzzi Bitcoiners furious after testnet griefing 2024-04-30
11 Stablecoin firm Tether invests 200M in neurotech company 2024-04-29
12 Omnity rolls out integration for no fee Runes trading 2024-04-29
13 Circles USDC overtakes Tethers USDT in stablecoin transactions Visa 2024-04-29
14 US stablecoin bill to cement dollar dominance fight sanction evasion 2024-04-29
15 OpenAI announces new publishing deal as race to license content heats up 2024-04-29
16 SEC and Gensler believed Ether was security for at least a year 2024-04-29
17 North Korean Lazarus Group has laundered over 200M in hacked crypto since 2020 2024-04-29
18 68 of Runes are in the red Are they really an upgrade for Bitcoin 2024-04-29
19 Avalanche integrates with Stripe for fiat to crypto onboarding 2024-04-29
20 Europe needs Airbus for the metaverse to become global Web4 leader 2024-04-29
21 Sam Altmans OpenAI reportedly in partnership talks with his other firm Worldcoin 2024-04-29
22 Bitcoins range bound action puts eyes on NEAR AR CORE and BONK 2024-04-29
23 6 month low Ethereum fees suggest altseason is inbound Santiment 2024-04-29
24 DOJs Tornado Cash arguments show obvious disdain for privacy Lawyer 2024-04-29
25 Solo Bitcoin miner wins the 3125 BTC lottery solving valid block 2024-04-29
26 Google Clouds Web3 portal launch sparks debate in crypto industry 2024-04-28
27 DOJ challenges motion to dismiss Tornado Cash co founders charges 2024-04-28
28 Ionet responds to GPU metadata attack 2024-04-28
29 Crypto trader sees best 039altseason039 since 2017 as Bitcoin price cools 2024-04-28
30 This 360 treadmill could make Disneys metaverse a physical playground 2024-04-28
31 Phoenix and Wasabi exit US market amid self custody wallet crackdown 2024-04-28
32 Google Cloud039s Web3 portal launch sparks debate in crypto industry 2024-04-28
33 Nvidia shares up 15 in 5 days Will AI crypto tokens follow 2024-04-27
34 DTCC rules out collateral for Bitcoin linked ETFs 2024-04-27
35 What is liquid staking and how does it work 2024-04-27
36 Franklin Templeton lists Ethereum ETF on DTCC 2024-04-27
37 Taiwan prosecutors target 20 year sentences for Ace Exchange suspects 2024-04-27
38 Apple reportedly courting OpenAI to develop AI features for iPhone 2024-04-27
39 Binance wants the court to know US governments position on USDC 2024-04-27
40 Custodia Bank takes case to higher court after March setback 2024-04-27
41 Liquid staking on BNB Smart Chain millions stuck in DeFi bridge contracts Finance Redefined 2024-04-27
42 Bitcoin price holds steady amid spot BTC ETF outflows and uptick in unfriendly regulation 2024-04-27
43 Bidens Homeland Security team taps tech elite for AI defense board 2024-04-27
44 EU DeFi regulations set to welcome big banks challenge crypto natives 2024-04-27
45 John Deaton files amicus brief in support of Coinbase appeal against SEC 2024-04-27
46 Crypto Biz X payment system Block moves into Bitcoin mining and more 2024-04-27
47 Lost Yuga Labs restructures again with layoffs new executive 2024-04-27
48 Republic First Bank closed by US regulators crypto community reacts 2024-04-27
49 Crypto mixing is not a crime says CryptoQuant CEO 2024-04-26
50 Nvidia backed AI startup releases avatars that express human emotion 2024-04-26

US news that has a significant impact on the market

at news day date time
1 Employment Cost Index q/q Tuesday 30-04-2024 13:30
2 S&P/CS Composite-20 HPI y/y Tuesday 30-04-2024 14:00
3 HPI m/m Tuesday 30-04-2024 14:00
4 Chicago PMI Tuesday 30-04-2024 14:45
5 CB Consumer Confidence Tuesday 30-04-2024 15:00
6 ADP Non-Farm Employment Change Wednesday 01-05-2024 13:15
7 Final Manufacturing PMI Wednesday 01-05-2024 14:45
8 ISM Manufacturing PMI Wednesday 01-05-2024 15:00
9 JOLTS Job Openings Wednesday 01-05-2024 15:00
10 ISM Manufacturing Prices Wednesday 01-05-2024 15:00
11 Construction Spending m/m Wednesday 01-05-2024 15:00
12 Wards Total Vehicle Sales Wednesday 01-05-2024 15:15
13 Crude Oil Inventories Wednesday 01-05-2024 15:30
14 Federal Funds Rate Wednesday 01-05-2024 19:00
15 FOMC Statement Wednesday 01-05-2024 19:00
16 FOMC Press Conference Wednesday 01-05-2024 19:30
17 Challenger Job Cuts y/y Thursday 02-05-2024 12:30
18 Unemployment Claims Thursday 02-05-2024 13:30
19 Prelim Nonfarm Productivity q/q Thursday 02-05-2024 13:30
20 Prelim Unit Labor Costs q/q Thursday 02-05-2024 13:30
21 Trade Balance Thursday 02-05-2024 13:30
22 Factory Orders m/m Thursday 02-05-2024 15:00
23 Natural Gas Storage Thursday 02-05-2024 15:30
24 Average Hourly Earnings m/m Friday 03-05-2024 13:30
25 Non-Farm Employment Change Friday 03-05-2024 13:30
26 Unemployment Rate Friday 03-05-2024 13:30
27 Final Services PMI Friday 03-05-2024 14:45
28 ISM Services PMI Friday 03-05-2024 15:00
29 FOMC Member Williams Speaks Saturday 04-05-2024 01:15

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