Dogecoin reached its highest price in months early Saturday, nearly hitting $0.23 as the broader crypto market recovers—and Bitcoin approaches its all-time high. Over the past week, DOGE has surged nearly 27%, reaching a current price of $0.225, including a 9% increase in just one day. According to CoinGecko, this marks Dogecoin’s highest price since March 2. Open interest on Dogecoin has also risen to its highest level since mid-February, currently at $2.52 billion. Despite these gains, Dogecoin remains far from its peak of $0.73 in 2021 and its recent high of $0.48 in December. Similarly, DOGE’s open interest peaked at $5.5 billion earlier this year but has since fallen to $1.3 billion. Other meme coins, such as MOODENG and PNUT, have also seen significant gains this week. Among major cryptocurrencies, DOGE ranks second only to Ethereum in weekly gains, with ETH rising 32% over the past seven days. Bitcoin continues to dominate, nearing $104,000 as of this writing, just 5% below its all-time high of $108,786.
— new from Decrypt
