DOGE (Dogecoin) rose 4.86% in the last 24 hours.

Gate News Bot message, September 18, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at 0.28 USD, rising 4.86% in the last 24 hours, with a maximum of 0.31 USD and a minimum drop to 0.24 USD. The current market capitalization is approximately 42.821 billion USD, an increase of 1.986 billion USD compared to yesterday, ranking 8th in the crypto assets market capitalization leaderboard.

Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts around the world. It was originally created as a joke but has now become a practical Crypto Asset. The Dogecoin community is known for its friendliness, mutual support, and helpfulness, with its unofficial motto being "Do Only Good Everyday." The project is always committed to making Dogecoin a practical currency with very low transaction fees.

Important news about DOGE recently:

1️⃣ CleanCore massively increased its holdings of DOGE

The US-listed company CleanCore Solutions (ZONE) has once again purchased 100 million Dogecoin, bringing its total holdings to over 600 million coins. At the beginning of this month, the company launched a $175 million Dogecoin reserve plan, aiming to increase its holdings to 1 billion coins within 30 days, with a long-term goal of acquiring 5% of the circulating supply of DOGE. This large-scale accumulation has received support from the Dogecoin Foundation and House of Doge, aiming to promote DOGE as a reserve asset as well as its application in payments, tokenization, remittances, and staking-like products. Since the launch of the reserve plan, the price of DOGE has risen by over 25%.

2️⃣ Institutional investment interest increases

The US-listed company Lingerie Fighting Championships (LFC) announced the purchase of 250,000 DOGE to expand its Crypto Assets treasury. This move indicates an increasing interest from traditional financial institutions in DOGE, which may bring more institutional investment demand for DOGE, helping to enhance its market position and liquidity.

3️⃣ DOGE ETF is about to launch

Bloomberg ETF analysts expect the Doge ETF ($DOJE) to launch this Thursday. Despite the specific launch date being delayed multiple times, reflecting the uncertainty of the regulatory environment, the launch of the ETF is still expected to attract more institutional investors to DOGE, potentially enhancing its market liquidity and price stability.

From a technical perspective, the price of DOGE has seen a rise in the past 24 hours, increasing from a low of $0.24 to $0.28. Considering recent positive news, such as large-scale institutional purchases, the upcoming launch of ETFs, and increased institutional investments, DOGE may maintain its upward momentum in the short term. However, investors should closely monitor the actual launch of ETFs and their impact on the market, while also being wary of potential price corrections.

This message does not constitute investment advice; investors should be aware of market volatility risks.