Dogecoin has been making quite a stir lately, but can it really take off?
Recently, DOGE has had a lot of major news, so let's break it down in simple terms:
The official team has started to stock up
The Dogecoin Foundation has bought 10 million DOGE (around 1.8 million USD), claiming it wants to promote actual payments. They are currently in talks with some merchants, and it might soon be possible to use DOGE to pay for parking or buy coffee. But to be honest, this amount is just a drop in the bucket in the crypto space～
Elon Musk's X platform may take action
Although Musk hasn't tweeted recently, programmers have discovered that the Tesla Cybertruck page may support DOGE payments. If that happens, it would definitely be a significant boost! After all, Musk can make DOGE rise by 20% with just a casual comment.
Large institutions are starting to take notice
Institutions like Grayscale have already established a DOGE fund, and several others are applying for DOGE ETFs (which allow regular people to buy DOGE on the stock market). If approved, it could bring in a lot of new capital.
On the price front:
A few days ago, it just rose by 8%, currently around 0.18 USD
In the short term, can it break through 0.2 USD?
In the long term, can it return to last year's high of 0.3 USD?
Personal opinion:
DOGE is currently in the "has a story but hasn't delivered yet" stage. If it can truly achieve payment implementation or ETF approval, it could indeed soar. The overall market has already corrected, and a bull market will start soon. I've carefully selected an altcoin expected to increase fivefold; leave a comment + like, and I will share it for free.
