Dogecoin Extends Winning Streak, Up 14% In A Week — Analyst Says Memecoin ‘Shaping Up Nicely’ For A Bigger Move

Dogecoin (CRYPTO: DOGE) stretched its winning streak Thursday, as cryptocurrency investors raised their risk appetite.

DOGE’s Rally Lights Up Its Futures Market

The meme coin, worth $39 billion, increased 2% in the last 24 hours, mirroring increases in other large-cap coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Over the week, the token was up over 14%.

The rally heated up the derivatives market, with open interest in DOGE futures jumping 8.14% in the last 24 hours, and over 19% in a week, according to Coinglass. 

Additionally, over 75% of Binance traders with open DOGE positions were betting on its price increase, suggesting …

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