DOGE (Dogecoin) has pumped 3.16% in the last 24 hours.

Gate News Bot news, on September 29, according to CoinMarketCap data, DOGE (Dogecoin) is currently priced at $0.24, with a rise of 3.16% in the last 24 hours, reaching a high of $0.25 and a low of $0.22. The current market capitalization is approximately $35.674 billion, an increase of $1.092 billion compared to yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu enthusiasts worldwide. As an unexpectedly born cryptocurrency movement, the core idea of Dogecoin is to make people smile. It utilizes blockchain technology and is a highly secure decentralized information storage system maintained by a network of computers called nodes that uphold a public ledger. The spirit of Dogecoin can be summarized as "Do Only Good Everyday," with a vibrant community made up of friendly people.

Important recent news about DOGE:

1️⃣ Gate launches DOGE chain staking mining service Gate officially launches DOGE on-chain staking service, with a minimum investment of 10 DOGE and an annualized yield of up to 0.05%. This service collaborates with multiple DeFi projects in the DOGE ecosystem to provide users with on-chain staking rewards. Users can redeem their assets at any time, with a redemption period of 3 days. This initiative provides DOGE holders with a new revenue channel, which may increase the long-term holding demand for DOGE.

2️⃣ 21Shares Spot Dogecoin ETF Makes Progress The 21Shares spot Dogecoin ETF has been launched on the Depository Trust & Clearing Corporation (DTCC) in the United States, with the ticker symbol TDOG. This marks an important step for DOGE into the institutional investment space, with the potential to attract more traditional financial investors and enhance its market liquidity and recognition.

3️⃣ Grayscale plans to convert DOGE trust to ETF Grayscale Investments has submitted a revised S-1 filing aimed at converting its closed-end DOGE Trust into an ETF. If approved, the ETF will trade on the NYSE Arca under the ticker symbol GDOG. This move could bring a broader investor base to DOGE, further enhancing its market capitalization.

From a technical perspective, the price of DOGE has seen a slight rise in the past 24 hours, increasing from $0.22 to $0.24. Considering the recent positive news, such as Gate launching staking services 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 is not to be taken as investment advice; investors should be aware of market volatility risks.