DOGE (Dogecoin) fell 4.11% in 24 hours

Gate News Bot news, on September 16, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.27, down 4.11% in the last 24 hours, with a high of $0.31 and a low of $0.23. The current market capitalization is approximately $40.374 billion, a decrease of $1.73 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 computers known as nodes. The core idea of Dogecoin is summarized in the "Dogecoin Manifesto", which embodies a vibrant community made up of friendly people.

Important news about DOGE recently:

1️⃣ Doge ETF is about to launch

Bloomberg ETF analysts expect the Doge ETF ($DOJE) to launch this Thursday. The launch of this ETF is expected to attract more institutional investors to DOGE, potentially enhancing its market liquidity and price stability. However, the repeated delays in the ETF's launch date also reflect the uncertainty of the regulatory environment.

2️⃣ US-listed companies purchase DOGE

The US-listed company Lingerie Fighting Championships (LFC) announced the purchase of 250,000 DOGE to expand its cryptocurrency treasury. This move demonstrates the increasing interest of traditional financial institutions in DOGE, which may bring more institutional investment demand for DOGE.

3️⃣ DOGE treasury size expands

The official DOGE treasury managed by House of Doge under CleanCore Solutions has accumulated over 500 million DOGE. This large-scale purchase not only reduces the market circulation but may also enhance investors' confidence in the long-term value of DOGE.

From a technical perspective, the price of DOGE has experienced a pullback in the past 24 hours, falling from a high of $0.31 to $0.27. Considering the recent positive news, such as the upcoming launch of ETFs and increased institutional investment, DOGE may remain volatile in the short term. However, investors should closely monitor the actual launch of the ETFs and their impact on the market.

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