Dogecoin (CRYPTO: DOGE) was surging higher Thursday, driven by excitement over the upcoming exchange-traded fund listing and macroeconomic tailwinds.
Meme Giant Sees High Buying Pressure
The dog-themed memecoin topped $0.26 for the first time in six weeks, while trading volume jumped 40% over the last 24 hours, suggesting high buying pressure.
DOGE outgained market heavyweights Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), with its weekly gains totaling over 22%.
Speculative interest heightened, as open interest in DOGE futures jumped 5.27% in the last 24 hours, according to Coinglass. Over 71% of Binance …