Dogecoin Transaction Volume Soars 95%, Could Fuel Price Revival?

Despite a recent dip in price, Dogecoin’s most promising bullish indicators are holding strong. Data reveals the meme coin experienced a significant surge in daily transaction volume, reaching an impressive $2.8 billion. This spike has propelled DOGE past its rivals in the top 10, demonstrating robust adoption levels. Analysts note this dramatic increase in volume could ultimately support a price rebound when demand picks up again. Traders are also closely monitoring other metrics like open interest on futures markets for insights into future price movements.