As the risk appetite of cryptocurrency investors increased again, money began to flow into coins such as Dogecoin (DOGE).
According to CoinGecko data, DOGE gained more than 16% in value in the last 24 hours and rose to $ 0.103 for the first time since April. The biggest meme coin’s gain in the last seven days has been more than 25%.
According to CoinGlass data, the value of open positions in DOGE perpetual and regular futures contracts, Highest level since November 2022 the one which… for 708 million dollars rose.
The fact that the funding rate on many exchanges has increased to 50% annually indicates that there is a significant premium in perpetual futures contracts over the spot market.