DOGE (Dogecoin) has risen by 2.85% in the last 24 hours.

Gate News Bot news, on September 4th, according to CoinMarketCap, as of the time of writing, DOGE (Dogecoin) is currently priced at 0.22 USD, having risen 2.85% in the last 24 hours, reaching a high of 0.23 USD and a low of 0.21 USD. The current market capitalization is approximately 33.008 billion USD, an increase of 915 million USD from yesterday, ranking 8th in the global crypto assets market capitalization.

Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu enthusiasts. As a Crypto Asset, Dogecoin utilizes blockchain technology and is a highly secure decentralized information storage system that maintains a public ledger through a network of computers known as nodes. Dogecoin is not just a Crypto Asset; it represents a spirit summarized as "Do Only Good Everyday." It has a vibrant community made up of friendly people.

Important news about DOGE recently:

1️⃣ Cleancore Solutions aims to raise funds to support the DOGE treasury strategy Cleancore Solutions announced plans to raise $175 million to support the DOGE treasury strategy. This initiative may bring more funding support and strategic development opportunities to DOGE, potentially enhancing its market position and long-term value.

2️⃣ Luxury goods industry accepts DOGE payments Luxury brand Gucci has begun accepting Crypto Assets payments, including DOGE, at some of its stores in the United States. This marks an increase in the recognition of DOGE within the high-end consumer goods industry, bringing new application scenarios and potential user groups, which helps to enhance its practical value and market demand.

3️⃣ High leverage trading causes market fluctuations Recently, multiple traders' high-leverage positions in DOGE have experienced liquidation events. Notable trader James Wynn's 10x leveraged DOGE long position was liquidated, and he currently still holds a long position in DOGE worth $143,000. These high-leverage trades and liquidation events reflect the current high volatility and high risk of the DOGE market, which may exacerbate short-term price fluctuations.

From a technical perspective, the price of DOGE oscillates between 0.21 and 0.23 USD. Considering the acceptance in the luxury goods industry, large capital support plans, and the impacts of high-leverage trading, investors should closely monitor subsequent price trends and changes in market sentiment, carefully evaluating their investment decisions.

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