Enhancements in technology and the inclusion of bitcoin cash tokens on the EDX Markets exchange have likely sparked increased trading activity.
CoinGlass data reveals that the price surge in the past 24 hours has led to the liquidation of an impressive $36.6 million worth of short positions, making it the highest liquidation volume recorded this month.
After the Ethereum Merge, Dogecoin is now the second largest proof-of-work cryptocurrency, after Bitcoin.
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