DOGE may actually be the one that is truly undervalued.
Why do you say that? First of all, DOGE is not the kind of "air coin" that purely relies on hype. It is backed by real mining machines providing support, and there is computing power maintaining the entire network. This makes it stand out as particularly solid among the many meme coins. It has financial attributes, can be traded, can be used for payments, and is even accepted by quite a few merchants—something that not just any funny coin can achieve. Moreover, DOGE has a "number one fan" - Elon Musk. Every now and then, he mentions it on Twitter, and it can instantly become the center of attention. I don't need to elaborate on how important celebrity effect is in this circle. With popularity and topics, there comes attention and liquidity. And recently, there is another major piece of news that cannot be ignored: Grayscale is about to launch a DOGE ETF, and it has already been approved to be listed on the New York Stock Exchange. What does this mean? It means that traditional market funds can enter the DOGE market through compliant channels. Once the funds start to flow in, you know how the price will move. Although DOGE's price has been fluctuating recently, the MACD indicator also shows short-term volatility, and there is even some pressure from capital outflows, you need to see clearly: this may just be an opportunity. The price has quietly climbed above the EMA_99 moving average, indicating that the medium to long-term trend may be quietly turning. Some say that buying coins is buying consensus. Since its inception, DOGE has gone through countless ups and downs, yet it always has a group of loyal holders. It has a community, stories, use cases, and a steady influx of new users. So, if you ask me which coins are worth accumulating at low levels, I would put DOGE at the forefront. It’s not a blind call, but because it indeed possesses the dual attributes that only a few coins have—financial attributes + celebrity effect. How many such coins can you find in this circle?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
DOGE may actually be the one that is truly undervalued.
Why do you say that?
First of all, DOGE is not the kind of "air coin" that purely relies on hype. It is backed by real mining machines providing support, and there is computing power maintaining the entire network. This makes it stand out as particularly solid among the many meme coins. It has financial attributes, can be traded, can be used for payments, and is even accepted by quite a few merchants—something that not just any funny coin can achieve.
Moreover, DOGE has a "number one fan" - Elon Musk. Every now and then, he mentions it on Twitter, and it can instantly become the center of attention. I don't need to elaborate on how important celebrity effect is in this circle. With popularity and topics, there comes attention and liquidity.
And recently, there is another major piece of news that cannot be ignored: Grayscale is about to launch a DOGE ETF, and it has already been approved to be listed on the New York Stock Exchange. What does this mean? It means that traditional market funds can enter the DOGE market through compliant channels. Once the funds start to flow in, you know how the price will move.
Although DOGE's price has been fluctuating recently, the MACD indicator also shows short-term volatility, and there is even some pressure from capital outflows, you need to see clearly: this may just be an opportunity. The price has quietly climbed above the EMA_99 moving average, indicating that the medium to long-term trend may be quietly turning.
Some say that buying coins is buying consensus. Since its inception, DOGE has gone through countless ups and downs, yet it always has a group of loyal holders. It has a community, stories, use cases, and a steady influx of new users.
So, if you ask me which coins are worth accumulating at low levels, I would put DOGE at the forefront. It’s not a blind call, but because it indeed possesses the dual attributes that only a few coins have—financial attributes + celebrity effect. How many such coins can you find in this circle?