Dogecoin's current price is around $0.166, with a 6% increase in the last 24 hours. Recent developments include ¹ ²:
- New Update: Dogecoin launched a new update, Dogecoin Core 1.14.6, to improve security, efficiency, and user interface. Another update, Libdogecoin version 0.1.4, was released to enhance the C library.
- Partnership: 21Shares partnered with the House of DOGE to launch a Dogecoin ETP in Europe, and filed for a US DOGE ETF with a 64% approval odds prediction for 2025.
- Whale Activity: Dogecoin whales accumulated 80 million DOGE in 24 hours, and another whale dumped 570 million coins worth $92.5 million.
- Price Prediction: Analysts predict Dogecoin could reach $0.29 or even $1 in the near future, with some forecasts suggesting a 50% rise or a 200% increase by year-end.
Key Features:
- Fee Mechanism: Dogecoin's fee mechanism was improved, lowering dust limits from 1 DOGE to 0.01 DOGE.
- Security: The update included security fixes and modifications to the fee structure.
- Adoption: Dogecoin's adoption into payment systems and potential ETF approvals could boost its price.
Market Performance:
- Trading Volume: Dogecoin's trading volume surged, with $1.95 billion in 24-hour trading volume.
- Market Sentiment: Market sentiment remains uncertain, but bullish forecasts are emerging due to whale accumulation and potential ETF approvals