$DOGE is the first cryptocurrency based on internet memes, born in 2013, symbolized by the Shiba Inu image, focusing on light-hearted entertainment attributes. Its core features include no supply cap, Scrypt algorithm for fast transactions, and community-driven social attributes. As of August 2025, the DOGE price fluctuates between $0.19 and $0.21, with a 90% increase over the past year, but still falls short of the 2024 peak of $0.70.
Technical Foundation and Ecology
DOGE uses the same Scrypt algorithm as Litecoin, allowing miners to use GPUs for mining, with transaction speeds 10 times faster than Bitcoin and extremely low fees, making it suitable for small payments. The zero-knowledge proof upgrade proposal put forward in July 2025, if passed, will be compatible with zk-rollups, enhancing transaction privacy and scalability, potentially driving the development of ecological applications.
Price Driving Factors
Celebrity Effects and Social Media Buzz: Tweets from celebrities like Musk often trigger short-term price surges. In May 2025, whales increased their holdings by over 1 billion DOGE, showing confidence from large holders.
Expansion of Practical Use Cases: Over 1,600 merchants worldwide accept DOGE as payment, including the NBA team Dallas Mavericks, enhancing its practicality as a payment tool.
Technical Breakthroughs: If it stabilizes above the $0.25 resistance level, it may challenge $0.30; however, if it falls below the $0.19 support level, it may further retreat to $0.15.
Risks and Challenges
Inflation Pressure: The unlimited supply mechanism may lead to long-term value dilution; although the inflation rate will drop to 2.4% by 2040, it still needs to rely on community demand to support the price in the short term.
Market Volatility: The DOGE price is significantly influenced by social media sentiment, with daily fluctuations often exceeding 10% due to uncertainties in macroeconomic policy as of August 2025.
Competitive Pressure: Tokens like SHIB, which are also meme coins, divert some attention, necessitating continuous innovation in application scenarios to maintain competitiveness.
Will not bring fans to explode, nor will it blindly open the dan.
All are seeking victory steadily, with a solid approach; those who want to profit should hurry up and get on board!
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
