DOGE (Dogecoin) 24-hour pump 0.95%

Gate News Bot news, August 18, according to CoinMarketCap, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.23, with a rise of 0.95% in the last 24 hours, reaching a high of $0.25 and a low of $0.22. The current market capitalization is approximately $34.858 billion, an increase of $329 million from yesterday. Currently, DOGE ranks 8th in the market capitalization of Crypto Assets.

Dogecoin is an open-source peer-to-peer digital currency that was originally created as a joke and has now become an important member of the Crypto Assets space. It features a Shiba Inu as its logo, and the community is known for its friendliness, charity, and humor. Dogecoin's slogan is "Do Only Good Everyday," reflecting its positive community culture. As a practical encryption currency, Dogecoin is characterized by low transaction fees and is widely used for online payments and tipping systems.

Important news about DOGE recently:

1️⃣ Institutional investment interest increases Grayscale Investments has submitted the S-1 filing for the Dogecoin DOGE ETF, indicating that institutional interest in DOGE is on the rise. The launch of the ETF could bring more institutional capital inflows to DOGE, helping to improve its market liquidity and price stability.

2️⃣ Publicly traded companies' mining output increases BIT Mining Limited, a company listed on the New York Stock Exchange, mined 10.5 million DOGE in the first half of 2025, worth approximately $2.9 million. As of June 30, the company also held 1.8 million DOGE. This shows that some listed companies are actively participating in the mining and holding of DOGE, which may provide long-term support for DOGE.

3️⃣ Potential Cybersecurity Risks The Qubic community has voted to designate DOGE as the next target for an attack. Although no actual attack has occurred yet, this news may raise investor concerns about the security of the DOGE network, potentially affecting market sentiment in the short term.

From a technical perspective, the current price of DOGE is around $0.23, having broken through previous resistance levels. However, considering potential security risks, investors should closely monitor subsequent developments and cautiously assess their investment decisions.

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