[DigitalToday reporter Hyunwoo Choo (추현우)] Dogecoin showed the strongest momentum in the cryptocurrency futures market, beating bitcoin, ethereum and XRP. Blockchain media outlet BeinCrypto reported on May 14 that Dogecoin futures open interest rose 5.09 percent over the past 24 hours.

Dogecoin futures open interest stood at $1.79 billion and daily futures trading volume reached $3.99 billion. Trading volume rose 81.62 percent over the same period. Open interest is the total value of derivatives contracts that have not yet been liquidated and is commonly used as an indicator of traders' betting intensity and short-term momentum.

By contrast, futures market momentum for major cryptocurrencies was weak. Bitcoin open interest fell 0.36 percent, while ethereum open interest rose just 0.94 percent. Prices of the two cryptocurrencies each fell about 1.46 percent. Solana open interest dropped 5.96 percent and its price fell 4.21 percent. XRP open interest fell 2.52 percent and its price slipped 1.81 percent.

Dogecoin traded around $0.11328 at the time of analysis and rose 1.03 percent over the past 24 hours. It was among the few top market-cap cryptocurrencies to maintain an upward move. With spot price strength and an expanding futures market appearing together, short-term momentum also held up relatively strongly.

Leverage remains a key variable. Rising open interest can amplify gains when prices rise, but losses can also expand quickly when the market shifts sharply. Whether Dogecoin holds the $0.11 level and whether inflows into the futures market continue are key short-term points to watch.