Epic upgrade explosion for DOGE! EVM compatibility + $5 target, is the crypto community celebrating or falling into a trap?
Family, who understands! The Dogecoin team just officially announced the DogeChain 2.0 upgrade, which has directly ignited the market—achieving full compatibility with the Ethereum Virtual Machine (EVM) for the first time. Now it can engage in DeFi, mint NFTs, and support cross-chain transactions, with trading speeds soaring to 450 transactions per second. This move has transformed DOGE from a "meme coin" to an "all-rounder" 🔥
What’s crazier is that the development team has claimed: they have already reached partnerships with Uniswap and Chainlink, aiming to launch an exclusive decentralized exchange in Q2, with a mid-to-long-term target of $5! The technical aspects are also noteworthy, with the weekly chart forming a "cup and handle" pattern, and now it’s just waiting for a breakthrough at the $0.5 mark. Many analysts say that once it breaks through, it will trigger an accelerated upward trend.
However, amidst the celebration, we must be wary of two major risks: first, on October 27, the central bank reiterated its crackdown on virtual currency speculation. Historically, every regulatory statement has been a market turning point; Bitcoin once dropped from 60,000 to 3,000 because of this. Can this wave of DOGE be an exception? Second, the technical compatibility may present security vulnerabilities, and the cryptocurrency market is greatly influenced by policies and capital flows. The myth of ZEC rising 1100% in three months is hard to replicate, so be cautious when chasing highs!
The community is already buzzing; some are flaunting their positions waiting for a doubling, while others remind, "There’s a lesson from TRUMP coin dropping from $70 to $7." Do you think DOGE can touch $5? Is it better to get in during the pullback or to wait and see? Let’s discuss your action plans in the comments! $BTC $DOGE
Although I'm afraid to look when I draw lines, I'm quite accurate. Is there a beginner protection period in the cryptocurrency world? Directly full position ✖️75, one-fifth margin, easily double.
In two days, it is expected that by 4 PM mainland time there will be another dip, and by 8 PM it can be confirmed whether there will be an increase. What is uncertain is whether there will be another rebound between 2 AM and 6 AM, leading to a situation where both long and short positions are affected again.