$DOGE I can't sleep, let's talk about Dogecoin. First, my viewpoint: I am optimistic in the long term. Reaching 1 dollar is definitely not a problem, and even with inflation, it can inflate to 1 dollar. If there are any major positive developments in the future, such as Elon Musk really sending Dogecoin to the Moon or Mars, then hitting 10 dollars is also possible. Dogecoin has been around for 12 years, and it has coexisted with Bitcoin. From being a joke at the beginning to now being a mainstream coin consistently ranked in the top 10 by market capitalization, the journey of Dogecoin has not been easy. Everyone looked down on you, but you stood strong.
Dogecoin is indeed at a low point right now, but this is really normal in the crypto world. Altcoins have always experienced significant ups and downs. It can decline for several years, but a surge can happen in just a few months, or even in a day with hundreds of times of increase. Bitcoin also cannot keep rising indefinitely; fluctuations are a normal business principle. Continuous rises without any drops are like a Ponzi scheme. Therefore, I always say, do not get caught up in daily candlestick charts; look at the bigger picture. As long as the long-term trend is upward, that’s what matters. We are here to invest, not to gamble. Of course, if you are trading short contracts, then disregard what I said. Currently, the price of Dogecoin is 0.147, and it can go down at most to 0.005, but it can go up to at least 1 dollar. Building positions at this level is absolutely the best value for money. If you insist on waiting for 0.05 to build positions, that's fine, but you also risk missing out. I currently do not see the 0.05 level, and I'm worried that if you don't get in at 0.05, you might end up chasing the price higher, which would be a loss.
In fact, Dogecoin cannot be strictly classified as a meme coin; it is also proof of work, which means mining. However, it has no limit, which is what many people refer to as unlimited issuance. The original intention of Dogecoin was to mock Bitcoin, so it lacks a halving mechanism. This is also a reason many criticize Dogecoin, but I really don't think it's a problem. First of all, mining has costs, and there is inflation. The US dollar has been in excessive issuance, and these can offset Dogecoin's annual issuance.
Finally, there are the payment scenarios for Dogecoin. Dogecoin is currently the virtual currency with the most payment scenarios, from paying taxes in Argentina to buying coffee at Starbucks, charging at Tesla, etc. In the future, the payment scenarios for Dogecoin will increase, and more and more people will use Dogecoin.
Finally, hold on, get rich, if you contradict me, Ok, you are right, go to the void.
