Dogecoin liquidations briefly surpassed Bitcoin, indicating high demand for DOGE and the altcoin market.
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, trading volume, 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). Source: Tradingview.comLarge liquidations mean DOGE is seeing genuinely high demandAlthough 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 Bybt.com, in the last 12 hours, over $44 million worth of DOGE positions were liquidated. In comparison,
Źródło: https://cointelegraph.com/news/new-altcoin-era-dogecoin-liquidations-briefly-surpass-bitcoin
