Dogecoin Hits Highest Price in Months as Crypto Market Surges
Dogecoin (DOGE) reached its highest price in months early Saturday, almost hitting $0.23. The rise comes as the overall cryptocurrency market is gaining strength, with Bitcoin also close to reaching its highest price ever.
In the past week, Dogecoin has jumped about 27%, reaching $0.225. Just in the last 24 hours, it went up 9%. This is Dogecoin’s highest price since March 2, according to CoinGecko.
More traders are also betting on Dogecoin. The value of open futures contracts on DOGE has reached $2.52 billion, the highest since mid-February, based on CoinGlass data. (Open interest shows how much money is tied up in ongoing futures bets.)
Still, these numbers are far below Dogecoin’s past records. Back in 2021, DOGE reached a high of $0.73, and in December it got as high as $0.48. Open interest also peaked at $5.5 billion in January but dropped to $1.3 billion recently when prices fell.
Dogecoin isn’t the only meme coin doing well. Other popular tokens like Moo Deng (MOODENG) and Peanut the Squirrel (PNUT) have soared even more. MOODENG has nearly tripled in price this week.
Among major cryptocurrencies, only Ethereum (ETH) has done better than DOGE this week. ETH rose 32% thanks to a successful system upgrade called Pectra and improved market mood. Ethereum is currently priced at $2,409.
Bitcoin is also in the spotlight. It passed $100,000 earlier this week and came close to $104,000 on Friday. Right now, Bitcoin is at $103,700—just 5% below its record high of $108,786, which was set in January during President Trump’s inauguration.
The market rally has led to more than $1.1 billion in daily crypto liquidations, mostly from short sellers who bet against the rising prices. Ethereum led the way in these losses.
