DOGE (Dogecoin) fell 21.25% in the last 24 hours.

Gate News Bot report, on October 11, according to CoinMarketCap data, DOGE (Dogecoin) is currently priced at $0.20, having fallen 21.25% in the last 24 hours, with a high of $0.27 and a low of $0.11. The current market capitalization is approximately $29.667 billion, a decrease of about $8.006 billion from yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu enthusiasts. At its core is a cryptocurrency movement that formed by chance, aimed at making people smile! Dogecoin utilizes blockchain technology, serving as a highly secure decentralized information storage system, maintained by a network of computers known as nodes that uphold a public ledger. The spirit of Dogecoin can be summed up as "Do Only Good Everyday"(, and it has a vibrant community filled with friendly people.

Important news about DOGE recently:

1️⃣ CleanCore Solutions significantly increases its holdings of DOGE CleanCore Solutions has incorporated over 710 million DOGE into its financial reserves, with a total value of approximately $174 million. The company is gradually approaching its goal of holding 1 billion DOGE and has currently realized over $20 million in unrealized gains. This large-scale accumulation reflects institutional confidence in DOGE and may also have a certain impact on market supply, providing potential support for DOGE prices.

2️⃣ Dogecoin Launches Cardinals Index Node to Enhance Network Decentralization Dogecoin has launched the Cardinals Index Node, allowing anyone to run a node to maintain and verify the on-chain ledger, further strengthening the network's decentralized characteristics. This technological breakthrough not only applies to Dogecoin but also unlocks similar smart contract functionalities for other UTXO-based blockchains without relying on EVM or Layer 2 solutions. This innovation may attract more developers and users to participate in the Dogecoin ecosystem.

3️⃣ UTXO chain performance upgrade is imminent The Dogecoin network is set to upgrade to an indexing speed of 500 milliseconds, which will significantly enhance the speed and programmability of the UTXO chain. The performance improvement is expected to pave the way for next-generation on-chain applications, potentially bringing more practical use cases and enhancing the long-term value of DOGE.

From a technical perspective, although the DOGE price has experienced a significant fall within 24 hours, the aforementioned positive news may provide some support. On the fundamental side, institutional buying and technological upgrades bring long-term development potential to DOGE, but short-term market sentiment remains volatile. Investors need to closely monitor the overall trends in the global cryptocurrency market and the unique ecosystem development of DOGE.

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