$300 Million DOGE Positions Liquidated as Dogecoin Price Rallies 1000% in 24 Hours

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Dogecoin is all the rage over the past 24 hours on the cryptocurrency market. The cryptocurrency skyrocketed by almost 1000% and even managed to enter the top 10 for a brief period of time.

  • Dogecoin (DOGE) saw a rally of around 950% in the past 24 hours alone. The cryptocurrency topped at around $0.082 a few hours ago and has since corrected to where it’s currently trading at.
DOGE/USDT. Source: TradingView
  • As CryptoPotato reported yesterday, this happened because the ‘Chairman’ of the popular Wall Street Bets group tweeted about it, asking if it has ever reached $1.
  • This propelled a swarm of retail interest, which sent the price for the skies.
  • Other major accounts, including Elon Musk, also tweeted about the coin, adding up to the euphoria.
  • However, this has all added up to about $300 million of liquidations in the past 24 hours on both long and short DOGE positions.
  • The most interesting bit is that the liquidations on DOGE are about $30 million more than those on Bitcoin. Third in line is Ethereum’s ETH.
  • In any case, the cryptocurrency has now retraced to about $0.043, which is about 50% less than its peak from just a few hours back.
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Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

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Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

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