DOGE (Dogecoin) fell 6.42% in the last 24 hours.

Gate News Bot news, on September 26, according to CoinMarketCap data, DOGE (Dogecoin) is currently priced at $0.23, down 6.42% in the last 24 hours, with a high of $0.28 and a low of $0.22. The current market capitalization is approximately $34.06 billion, a decrease of $2.338 billion compared to yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is popular among Shiba Inu enthusiasts around the world. As an unexpectedly born cryptocurrency movement, the core 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 known as nodes, which manage a public ledger. The spirit of Dogecoin is encapsulated in the Dogecoin manifesto, which boasts a vibrant community made up of friendly people like you.

Important recent news about DOGE:

1️⃣ 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 arena, potentially attracting more traditional financial investors and enhancing its market liquidity and recognition.

2️⃣ 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 and further enhance its market position.

3️⃣ Institutions continue to increase their holdings of DOGE Thumzup Media Corporation invested approximately $2 million to purchase 7.5 million DOGE, incorporating it into their strategic reserves. At the same time, on-chain data shows that large holders bought over 158 million DOGE. These large-scale acquisitions reflect an increasing interest from institutions in DOGE, which may bring more demand support for DOGE.

From a technical perspective, the price of DOGE has seen a significant fall in the past 24 hours, retreating from a high of $0.28 to $0.23. Although the price is under pressure in the short term, considering recent positive news, such as the potential launch of an ETF and continuous institutional accumulation, DOGE may still have upward potential in the medium to long term. However, investors should closely monitor the progress of the ETF applications and their impact on the market.

This message is not intended as investment advice. Investors should be aware of market volatility risks.