DOGE (Dogecoin) has fallen 1.71% in the last 24 hours.

Gate News Bot news, on September 28, according to CoinMarketCap data, as of the time of publication, DOGE (Dogecoin) is currently priced at $0.23, having fallen 1.71% in the last 24 hours, with a high of $0.27 and a low of $0.22. The current market capitalization is approximately $34.565 billion, decreased by about $600 million compared to yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts worldwide. At its core is a spontaneously formed cryptocurrency movement designed to make people smile! Dogecoin utilizes blockchain technology and is a highly secure decentralized information storage system maintained by a network of computers known as nodes that uphold the public ledger. More importantly, the spirit of Dogecoin is embodied in the "Dogecoin Manifesto" and in the vibrant community made up of friendly people like you!

Important news about DOGE recently:

1️⃣ Gate launches DOGE chain staking mining service

Gate officially launches on-chain staking services for DOGE, with a minimum investment of 10 DOGE and an annualized return rate of up to 0.05%. This service collaborates with multiple DeFi projects in the DOGE ecosystem to provide users with on-chain staking returns. 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, potentially increasing the long-term holding demand for DOGE.

2️⃣ 21Shares spot Dogecoin ETF makes progress

21Shares' spot Dogecoin ETF has been launched on the Depository Trust & Clearing Corporation (DTCC) in the United States, with the stock code TDOG. This marks an important step for DOGE into the institutional investment space, potentially attracting more traditional financial investors and enhancing its market liquidity and recognition.

3️⃣ Grayscale plans to convert the DOGE trust into an 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 capitalization.

From a technical perspective, the price of DOGE has seen a slight fall in the past 24 hours, retreating from a high of $0.27 to $0.23. Although the price is under pressure in the short term, considering recent positive news such as Gate launching staking services and the potential rollout of ETFs, DOGE may still have upward 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 intended as investment advice; investors should be aware of market volatility risks.