Dogecoin and record open interest: Dogecoin’s open interest reached a remarkable over 4 billion USD on Saturday, marking a new record for the currency. There are continuous dynamic fluctuations in the market, especially after Donald Trump’s election win, when the open interest’s value nearly hit 2.75 billion USD. Recent news about Elon Musk has contributed to this growth.

Elon Musk and his influence on Dogecoin: Elon Musk, CEO of Tesla, has made positive statements about Dogecoin, suggesting it could be useful for payments on his social media platforms. This has sparked significant interest from investors, leading to a noteworthy increase in Dogecoin’s price in recent days, before and after the US election.

Dogecoin frenzy in the market: Dogecoin has become an important part of the cryptocurrency market, with its value rising dramatically despite high volatility. It ranks seventh among the largest digital assets by market capitalization. Recent prices on Coingecko show Dogecoin at over 0.39 USD, although it has decreased nearly 9% in the past 24 hours, still up over 185% for the month.