Dogecoin News
The price of Dogecoin (DOGE), the leading meme cryptocurrency, recently increased over 10% in the past 24 hours and is currently trading just below the $0.20 threshold.
Dogecoin is one of the best-performing cryptocurrencies in the top 20, outpacing Shiba Inu (SHIB), its top competitor.
According to CoinGlass, more than $5 million in DOGE shorts have been liquidated in the past 24 hours. DOGE is also one of the most traded cryptocurrencies, with a trading volume of $2.3 billion on the day.
Dogecoin achieved a monthly close above the key $0.20 level, potentially turning it into support. This could set the stage for a potential increase to $0.30. During 2024, this memecoin doubled in value.
