$DOGE $ZEC $SAPIEN
The "$1 dream" of Dogecoin has either been forgotten by Musk or is simply a joke?
Let's pour some cold water: While Bitcoin and Ethereum are continuously hitting new highs, the once "king of dogs" DOGE is still lying at $0.14. It is still five times away from its historical peak of $0.73. This is not a correction; this is falling behind.
Why can't it move up? The truth might be a bit painful:
1. Institutions vote with their money: they are not buying it. Grayscale's Dogecoin ETF (GDOG) has already been launched, but the fund inflows are freezing cold. Traditional big players clearly think it is still a "joke", not an asset.
2. Musk's "magic" is losing effectiveness. One of his tweets could once make Dogecoin surge 20% instantly, but then what? It's all one-day events. The market is waiting for him to get serious, like truly integrating DOGE into X payments; otherwise, it's treated as noise.
3. The community is in chaos itself. If you look at predictions now, some people draw charts saying it can reach $2, while others think it will go to zero. This extreme division itself indicates: consensus is gone, relying entirely on mysticism.
Can it go crazy one more time? Yes, but it needs a "perfect storm":
· Bitcoin must start a raging bull market, flooding hot money into every corner.
· Musk must bring out the real deal, giving Dogecoin an irresistible new story.
· All retail investors must get hyped together, creating another collective FOMO like in 2021.
Otherwise, it is likely just to "follow the market up" when the market rises and "drop harder" when the market falls.
What do you think is the key to sending Doge to the moon in the next wave? Is it Musk's "invoice" or another "impulse" from all of us? #ETH巨鲸增持
