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Guavy AI Editorial Team••Sentiment: 4•Clout: 28

Altcoin Market Sees Strong Gains as Meme Coins Rally

DOGEDOGSHIB

The cryptocurrency market experienced a surge on Wednesday as altcoins rallied on strong inflows.

Dogecoin was among the top performers, breaking through the $0.1 barrier after a sharp price increase of over 15% in just one day.

According to CoinGlass data, a significant number of short positions were liquidated in DOGE, totaling $21.33 million, while long positions exceeded $451,420.

The rise in DOGE's open interest by more than 28% in a single day to $1.81 billion was the highest since October 10.

Shiba Inu also saw significant gains, jumping over 6% after forming a 'golden cross' on its short-term charts, with its moving average (MA) 50 rising above the MA 200.