Dogecoin’s “$1 Dream”: Has Musk Forgotten, or Was It Always a Joke?

Let’s start with a reality check: While Bitcoin and Ethereum keep hitting new highs, the once “top dog” DOGE is still stuck at $0.14. It’s five times away from its all-time high of $0.73. This isn’t a correction—it’s falling behind.

Why can’t it rally anymore? The truth might sting a bit:

1. Institutions are voting with their money: They’re not buying in. Grayscale’s Dogecoin ETF (GDOG) is already listed, but inflows are ice-cold. The traditional big players still see it as a “joke,” not a real asset.
2. Musk’s “magic” is wearing off. One tweet from him can still spike DOGE 20%—but then what? It’s always just a “one-day wonder.” The market is waiting for him to do something real, like actually integrating DOGE into X payments. Otherwise, it’s just noise.
3. Even the community is at war with itself. Check the predictions now: some people are charting $2 targets, others think it’s going to zero. This kind of extreme split means: there’s no consensus—just superstition.

Can it go crazy one more time? Sure, but it needs a “perfect storm”:

· Bitcoin must go full-on bull, flooding every corner with hot money.
· Musk must come up with something real—a new, irresistible story for Dogecoin.
· Every retail investor must pile in at once, creating another 2021-style FOMO frenzy.

Otherwise, DOGE will most likely just “go up when the market goes up,” but “fall harder when the market goes down.”

What do you think—the next key to sending Dogecoin to the moon: Musk’s “invoice,” or another round of collective “impulse” from all of us?