ETH | Ethereum
$2,649.28 +0.79%
DOT | Polkadot
$24.02 -2.32%
DOGE | Dogecoin
$0.373791 +3.70%
ETH options data for the month of June seemingly shows that traders have mixed feelings about the coin's future. There are currently 623,800 Ether option contracts expiring on June 25, totaling a $1.75 billion open interest. Out of those, about 170,000 contracts are put (bearish) contracts that target a price of $1,600 or lower. Meanwhile, bulls haven't held back, buying around 160,000 call (bullish) options with overly optimistic targets of $3,800 and above. The overall sentiment is mixed.
''Don't need to catch exact bottoms or sell exact tops to make money,'' said Koroush AK, an independent analyst.
DOT Attracts Major Funding, Rallies by 50%
Last week, DOT rallied by almost 50% as Asian blockchain incubator and venture capitalist Master Ventures announced a $30 million fund that would support projects seeking Parachain slots on the Polkadot Relay Network. This news was a trigger as DOT made its way to $28.66 for the first time in 2 weeks.
DOGE Climbs 40% As COINBASE Lists the Memecoin
Last week, Coinbase Pro introduced DOGE trading on the platform, a move that saw the coin rally by 40% on 3rd June. The transaction value across the blockchain exceeded $47 billion, a 690% increase on the figure from the previous week. On the same day, DOGE/USD also became the fourth most traded pair on Coinbase.
