DOGE (Dogecoin) rose 14.51% in the last 24 hours.

Gate News Bot news, on October 13th, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.21, having risen 14.51% in the last 24 hours, reaching a high of $0.27 and a low of $0.11. The current market capitalization is approximately $31.665 billion, with an increase of $4.012 billion compared to yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu enthusiasts. At its core is an unexpectedly formed cryptocurrency movement aimed at making people smile! Dogecoin utilizes blockchain technology and is a highly secure decentralized information storage system, maintained through a network of computers known as nodes that uphold the public ledger. The spirit of Dogecoin can be summarized as "Do Only Good Everyday," with a vibrant community made up of 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 target 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 have a certain impact on market supply, providing potential support for the DOGE price.

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 decentralization features. This technological breakthrough is not only applicable 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 about to upgrade to an indexing speed of 500 milliseconds, which will significantly improve the speed and programmability of the UTXO chain. The performance enhancement 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, the price of DOGE has seen a significant pump within 24 hours, possibly driven by the aforementioned favorable factors. On the fundamental side, institutional accumulation and technological upgrades bring long-term development potential for DOGE, but market sentiment may still fluctuate in the short term. Investors need to closely monitor the overall trends of 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.