Nouvelle ère altcoin? Les liquidations Dogecoin dépassent brièvement Bitcoin

Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover.

Various trends and metrics, such as social volume, volume d'échanges, and liquidations in the futures market indicate that DOGE remains one of the most frequently traded cryptocurrencies in the global market.

DOGE/USDT 15-minute price chart (Binance). La source:

Large liquidations mean DOGE is seeing genuinely high demand

Although some metrics, like the daily volume on small exchanges, is often exaggerated, futures market open interest and liquidations data is much harder to inflate.

According to, à la fin 12 heures, plus de $44 million worth of DOGE positions were liquidated.

En comparaison, Bitcoin saw $117.4 worth of liquidations, suggesting that the trading interest around DOGE remains relatively high.

Cryptocurrency liquidations. La source: Bybt

CoinMarketCap’s data also shows that DOGE’s daily trading volume across all exchanges is higher than most top cryptocurrencies

À la fin 24 heures, DOGE recorded $11.5 billion in daily trading volume. Dans la même période, Cardano (IL Y A), Pièce de Binance (BNB), and XRP saw lower trading volume than DOGE despite having larger market capitalizations.

A large portion of the demand for DOGE could be coming from the influx of new entrants into the cryptocurrency market in the wake of the bull market.

A pseudonymous trader known as NYUU said that most of this friends in the past week bought cryptocurrencies.

Sans surprise, the cryptocurrencies that were purchased recently were XRP and DOGE. Le commerçant a dit:

Turns out, every single friend of my bought #cryptocurrencies this or last week. Mainly $XRP and $DOGE very close to the high. Everyone I tried to convince to buy 1-2 years ago and gave upis in now. Not sure how much fresh money is left to enter…”

In addition to the rising demand for DOGE from new investors entering the cryptocurrency space, data from TheTie shows that the social metrics for DOGE are growing.

30-day average sentiment vs. Long term sentiment (DOGE). La source: La cravate

Social media volume often demonstrates authentic interest in a cryptocurrency on Twitter and other social media platforms across a prolonged period.

Will DOGE see a continued uptrend?

Analysts say that the cryptocurrency market consolidating before a possible new leg up is healthy.

John Street Capital, an analyst who focuses on cryptocurrencies, m'a dit:

“$BTC is still +75% YTD and given the froth in parts of the market with moves in $DOGE etcconsolidation is healthy before resuming the upward trend. It also lets new corporate / ‘real money

If Bitcoin and Ether continue to consolidate comfortably above $50,000 et $2,200, respectivement, it could create a more favorable environment for smaller altcoins, like DOGE, to rally.

Bloquons les annonces! (Pourquoi?)

La source: Cointelegraph