Data reveals that Dogecoin futures liquidations have been the highest in the cryptocurrency market in the past 24 hours due to the coin's upward trend. The surge in Dogecoin's value has attracted speculators, resulting in high liquidations, with short contract holders being the majority. Elon Musk's cryptic hints about possible Dogecoin integration on Twitter have contributed to the asset's positive signs and momentum.
Despite the volatility of the market, Dogecoin's trading volume has hit a 16-week high, indicating a strong interest from investors. The memecoin's recent performance has placed it as the seventh largest asset in the cryptocurrency sector in terms of total valuation.
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