Dogecoin (DOGE), the cosmic joke of cryptocurrency and proud king of meme-coins, has decided to throw a last-minute party before 2025 checks out. 🎉 Unfortunately, the venue is a rollercoaster, and the brakes are broken. CoinGlass data reveals a 7% spike in open interest, now sitting at $1.52 billion, because apparently, 12.25 billion DOGE wasn’t enough chaos already. 🌪️
Dogecoin’s open interest trend
Open interest surging? That’s just Wall Street’s way of saying “something’s brewing.” Or maybe it’s just FOMO for the apocalypse. Either way, traders are betting big on a rebound, because nothing says “confidence” like throwing spaghetti at a wall made of meme coins. 🍝
Here’s the kicker: DOGE is down 0.8% today. Not just down-embarrassingly underperforming. It’s like showing up to a rocket launch with a bicycle. 🚴♂️ At $0.1227, it’s the crypto equivalent of a haunted house: everyone’s screaming, but no one’s leaving.
Trading volume? Plunged 28.18% to $651.63 million. That’s not a plunge-it’s a belly flop. Investors are panic-selling like it’s Black Friday at the Dollar Store. The RSI is at 38, which means it’s “oversold” (read: desperate) but no bullish divergence. Traders are just hoping for a Hail Mary pass from the universe. 🙏
Exchange breakdown: Who’s holding the bag?
Gate exchange is the proud owner of $418.3 million in DOGE bets-3.40 billion coins for those keeping score. Binance is playing it safe with 19.39% ($292.12M), while Bitget, OKX, and Bybit are just here for the snacks. 🍿
Will Dogecoin add a zero? Spoiler: Yes.
DOGE’s 2025 was a dumpster fire with a 62% drop. September onwards? Just a sad trombone 🎺 for investors. Shiba Inu (SHIB) joined the party too, losing 67.5% and accidentally adding a zero. Classic meme-coin bingo. 🎲
Analyst Ali Martinez says if DOGE breaks below $0.128, it’s off to $0.09. That’s not a price-it’s a coupon for a free coffee at Crypto Café. ☕ So, is Dogecoin doomed to add a zero? At this rate, you’ll need a magnifying glass to read its price by 2026. 🤷♂️
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2025-12-31 20:46