DOGE Drops 3.66% Amid Market Volatility, ETF Launch and Musk Comments Fuel Accumulation Surge

Dogecoin (DOGEUSDT) is currently trading at $0.09463 on Binance, reflecting a 24-hour price decrease of 3.66% from its previous open at $0.09823. The decline in price can be attributed to recent market volatility and a drop in daily trading volume, despite positive developments such as the launch of the 21Shares Dogecoin ETF on NASDAQ and increased accumulation by major holders during price dips. Additional factors include the introduction of the Dogecoin Foundation-backed 'Such' payment app to support merchant adoption and renewed interest following comments from Elon Musk. Dogecoin remains actively traded, with 24-hour volumes ranging between $169.42 million and $907.69 million and a market capitalization estimated between $15.31 billion and $18.27 billion, maintaining its position among the leading cryptocurrencies.