Dogecoin’s 53,000% Surge Shows Renewed Interest, But Why Is DOGE Price Lagging?

Dogecoin has seen a significant surge in its futures trading volume, indicating renewed interest among investors. However, the DOGE price is still lagging, hovering just above the psychological $0.10 level, amid the broader crypto market downtrend. Dogecoin Sees 53,000% Surge In Futures Trading Volume CoinGlass data shows that Dogecoin’s futures trading volume surged as much as 53,000% on BitMEX, reaching just over $260 million in the process. The top meme coin has also seen its futures trading volume on other major exchanges such as Kraken, Binance, and Bybit surge over the last 24 hours, providing a bullish outlook for DOGE. This has led to a 10% surge in the trading volume across all exchanges, reaching $2.6 billion.  Related Reading: Dogecoin Reclaiming $0.128 Support Could Signal The Perfect Chance For Long Positions Notably, the Dogecoin long/short ratio has increased to 0.9 in the last 24 hours, indicating that more traders are betting on a potential DOGE price increase. Meanwhi