Dogecoin has recently become the center of attention again. Some overseas analysts have directly set the target price at $7.2—sounds exaggerated, but the underlying logic is worth pondering.



First, the actual actions: Tesla's online store has already opened the DOGE payment channel. Although it's currently only for peripheral products, once this step is taken, will it expand to larger items? The market is obviously betting on this possibility. Musk's tweet, "Old diamond hands are hoarding coins, what about you?" hit the community sentiment precisely—this combination of reinforced consensus and celebrity effect has repeatedly proven effective in Dogecoin's history.

Looking at the data calmly: $7.2 implies a market capitalization of over one trillion dollars, which requires not only sentiment but also continuous capital inflow and practical application scenarios. Dogecoin has always survived on community and meme culture, but if the "payment tool" card can truly be played out, the story would be completely different.

The question is—do you think DOGE can truly break through this ceiling this time, or is it just another emotional cycle? Share your judgment in the comments.
DOGE-3.67%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)