Dogecoin hits multi-month high amid broader market rally and X integration news
Dogecoin broke the $0.10 psychological barrier this week, reaching its highest price since June, driven by a general market risk-on sentiment and increased leverage. The rally followed X's announcement of new trading partnerships with Gemini, Kraken, Coinbase, Moomoo, and Interactive Brokers, allowing users to trade via cashtags. While DOGE briefly hit $0.1059, it later corrected to $0.0992. Other meme coins like Pepe and Shiba Inu also saw increased buyer interest, though data suggests the DOGE movement was largely fueled by a 10% spike in open interest, indicating speculative leverage rather than spot conviction.
Summaries are written by AI from the original article. Not investment advice.