DOGE (Dogecoin) fell 6.16% in the last 24 hours.

Gate News Bot news, September 22, according to CoinMarketCap data, as of the time of publication, DOGE (Dogecoin) is currently priced at $0.25, down 6.16% in the last 24 hours, with a high of $0.29 and a low of $0.25. The current market capitalization is approximately $37.986 billion, a decrease of about $2.492 billion compared to yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts worldwide. As a cryptocurrency, Dogecoin utilizes blockchain technology to store information through a highly secure decentralized public ledger system maintained by a network of computer nodes. The core idea of Dogecoin is summarized in its manifesto, which emphasizes a vibrant community made up of friendly people.

Important news about DOGE recently:

1️⃣ Grayscale plans to convert DOGE Trust into ETF Grayscale Investments has submitted a revised S-1 filing aimed at converting its closed-end DOGE trust into an ETF. If approved, this ETF will trade on the NYSE Arca under the ticker symbol GDOG. This move could attract more institutional investors to DOGE, enhancing its market liquidity and price stability.

2️⃣ Large-scale institutions increase their holdings of DOGE Thumzup Media Corporation announced an investment of approximately $2 million to purchase 7.5 million DOGE, incorporating it into their strategic reserves. Meanwhile, on-chain data shows that whales have bought over 158 million DOGE. These large-scale acquisitions indicate that institutional interest in DOGE is rising, which may bring more demand support for DOGE.

3️⃣ CleanCore continues to increase holdings of DOGE NYSE American listed company CleanCore Solutions has again purchased 100 million Dogecoin, bringing its total holdings to over 600 million. The company has launched a $175 million Dogecoin reserve plan, aiming to increase its holdings to 1 billion within 30 days. This ongoing accumulation not only reduces the market circulation but may also enhance investor confidence in the long-term value of DOGE.

From a technical perspective, the price of DOGE has fallen in the past 24 hours, retreating from a high of $0.29 to $0.25. Although the price is under pressure in the short term, considering the recent positive news, such as institutional large-scale acquisitions and the potential launch of ETFs, DOGE may still have upside potential in the medium to long term. However, investors should closely monitor the progress of ETF applications and their impact on the market.

This message does not constitute investment advice. Investment should take market volatility risks into account.