Dogecoin Looks to Bounce Back: Rising Open Interest Fuels Bullish Sentiment

A confluence of factors is driving renewed optimism in the Dogecoin (DOGE) market as potential price rebounds loom. Notably, open interest has surged past $3.3 billion, signaling a strong belief in its future performance. Analysts point to expanding DeFi applications, increased institutional investment, and a rumored Dogecoin ETF launch this year as major drivers of this growth.