Dogecoin (CRYPTO: DOGE) is surging Thursday afternoon as speculative momentum builds across digital asset markets.
Dogecoin is surging Thursday. Where is Dogecoin headed?
Crypto Summit, Social Sentiment Propels DOGE Above 8 Cents
The primary catalyst lifting the sector stems from Wednesday’s high-profile White House crypto summit hosted by President Donald Trump. Trump’s renewed call for federal regulatory reform and support for the CLARITY Act propelled Bitcoin (CRYPTO: BTC) past $72,000, triggering a rally across top altcoins.
Compounding macro tailwinds, Dogecoin experienced a sharp rise in trader positioning early Thursday morning. On-chain derivative data from crypto analytics platform Coinglass shows perpetual futures open interest recently climbing to 17.2 billion DOGE, signaling fresh leveraged capital entering the market.
