Dogecoin's future trends are influenced by various factors including Musk-related elements, technological development, and market environment. It has potential for price increase but also faces numerous uncertainties, as detailed below: $DOGE

- Factors for Increase: Musk's influence is significant. His establishment of the American Party has strengthened ties with the Dogecoin community, stimulating community members' enthusiasm, which is beneficial for Dogecoin's ecological development. If Dogecoin is applied in the payment system of the X platform or in social reward scenarios, or if companies like SpaceX and Tesla introduce it into their payment or marketing systems, market demand could greatly increase, stimulating a price rise. Additionally, Dogecoin is undergoing a technological upgrade that is expected to resolve issues like transaction congestion, enhance competitiveness, attract more users and merchants, and further drive price increases.

- Risks of Decrease: The cryptocurrency market is highly volatile and uncertain, and any negative news could lead to a significant drop in Dogecoin's price. Meanwhile, various countries are increasingly tightening regulatory policies on cryptocurrencies, and if unfavorable policies are introduced, they may restrict Dogecoin's trading and usage, impacting its market value. Furthermore, the competition in the cryptocurrency market is fierce, with new payment tokens and smart contract platforms constantly emerging. If Dogecoin cannot find a unique positioning, it may lose favor with investors, leading to a price drop.

The above content is compiled from public information and does not constitute investment advice.