DOGE (Dogecoin) fell 3.74% in the last 24 hours.

Gate News Bot News, August 25, according to CoinMarketCap, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.23, a fall of 3.74% in the last 24 hours, with a high of $0.24 and a low of $0.21. The current market capitalization is approximately $34.442 billion, a decrease of about $1.339 billion from yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts around the world. The core of Dogecoin is an unexpected cryptocurrency movement that brings smiles to people's faces! It uses blockchain technology and is a highly secure decentralized information storage system maintained by a network of computers known as nodes, which oversee 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 news about DOGE recently:

1️⃣ New acquisition drives DOGE mining expansion Thumzup Media Corporation has acquired the DOGE mining company Dogehash Technologies, which will promote the expansion of DOGE mining scale. Dogehash currently has about 2,500 Scrypt ASIC miners in North America and is expected to deploy more equipment later this year. This move could increase the supply of DOGE while also reflecting institutional confidence in the DOGE mining business.

2️⃣ Cybersecurity risks raise concerns The Qubic community, focused on artificial intelligence blockchain projects, has listed DOGE as the next test target, which may pose a potential threat to its network security. Over 300 community supporters voted in favor of launching an attack on DOGE. Although Qubic's official statement claims this is just a theoretical test, it may still raise concerns among investors about the stability of the DOGE network, potentially affecting market sentiment in the short term.

3️⃣ Market Performance Volatility The price of DOGE has experienced significant fluctuations over the past week. On August 18, DOGE saw a 0.95% increase, with a market capitalization growth of $329 million. However, the latest data shows that DOGE has fallen by 3.74%, with a market capitalization shrinking by approximately $1.339 billion. This sharp volatility reflects the current uncertainty in the DOGE market, and investor sentiment may be influenced by multiple factors.

From a technical perspective, DOGE is currently priced around $0.23, having fallen below the previous support level. Considering the potential cybersecurity risks and market fluctuations, investors should closely monitor subsequent developments and cautiously assess their investment decisions.

This message is not an investment advice, please be aware of market volatility risks when investing.