Dogecoin jumps 10% as capital returns to memecoins
- —Memecoin market cap fell from $37 billion in September to $26 billion in October
- —Over $1 billion returned to the sector in the last week of October
- —Dogecoin's 24-hour long/short ratio turned bullish after a week of bearish positioning
- —The DOGE/BTC ratio gained 2% this week, its first green week in over a month
Why it matters: Capital rotating back into memecoins while Bitcoin dominance stalls near 60% may signal an early shift toward high-risk altcoins.
Source: AMBCrypto
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