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Dogecoin (DOGE) registered a massive spike in its derivatives volume in a 24-hour time frame, with a relevant weight compared to its market capitalization. This surge means an increased interest by the cryptocurrency market in the leading memecoin. Notably, Dogecoin derivatives volume more than doubled in a day, according to data from CoinGlass retrieved by Finbold on November 17. As of writing, speculators were trading $5.04 billion worth of DOGE using derivatives. The spike followed a price increase for Dogecoin in the spot market, trading at $0.083 for approximately 4% daily gains. In the meantime, other cryptocurrencies were registering losses in price and derivatives volume. Interestingly, the volume surge happened while keeping the balance between long and short positions. Traders opened a total of $2.33 billion (49.48%) and $2.38 billion (50.52%) in each position, respectively. Crypto derivatives trend. Source: CoinGlass Derivatives stats for the top 5 cryptocurrenc...

News of a favorable XRP ruling in its legal battle against the US SEC has sent the token’s trading volumes jumping by more than 1,300%.  The ruling sparked a surge in XRP’s price, with the digital asset reaching a high of $0.93, the highest value seen since May 2021. Data compiled by CCData, a prominent crypto research company, revealed a significant influx of trading activity following Judge Analisa Torres’ ruling. XRP trading activity | Source: CCData CCData’s research showed XRP trading pairs on centralized exchanges experienced a total volume of $6.05 billion on the day of the ruling, representing an increase of 1351% compared to the previous day. The soaring trading volume s can be attributed to the enthusiastic price rally and the major crypto exchanges that embraced XRP trading after the partially favorable court decision . You might also like: Crypto exchanges relist XRP amid Ripple’s partial victory in US Additional data from CoinGecko corroborating CCData’...

Join Our Telegram channel to stay up to date on breaking news coverage The new hottest meme coin in the market, Pepe token (PEPE), has recently seen trading volumes surging significantly. The volumes have surpassed those of the leading cryptocurrencies with high market capitalizations. The native token for the BNB chain, BNB, and Ripple’s XRP, has been overtaken by PEPE in trading volumes. PEPE surpasses major cryptocurrencies by trading volumes The price of the PEPE crypto currency has increased by over 3,000% in the last three weeks. An anonymous crypto currency influencer posted a tweet highlighting the increased trading volumes on the platform. If you remove the stables $PEPE is still #3 in daily volume at 2.37 billion behind #Bitcoin and #Ethereum $XRP is #4 with .71 billion pic.twitter.com/DSLqwbhFtG — Big Dawg (@thecryptodawg) May 7, 2023 The trading volumes reported by PEPE in the last 24 hours have reached $1.15 billion. It has surpassed the trading...