Dogecoin’s open interest (DOGE) has shown a significant drop.
The 18th (local time), Cointtelegraph reported that “the open interests of Dogecoin decreased considerably” and said that “it fell from its 5.42 billion dollar summit a month ago at 2.3 billion current dollars “. This represents a decrease of approximately 57.56% of its peak.
The report added that “the Dogecoin financing rate also records 0.0035%”, noting that this is “much lower than the December 0.0980%peak”.
The media has suggested that “the decrease in the OC and the low financing rate indicate the lowering feeling for Dogecoin” and mentioned that “the firing incident of the Even Coin Libra carpet can have triggered behavior opposite at risk among investors memes currency. “