The rise of DOGE ( is inseparable from Musk, but as Musk's influence wanes, the prospects of DOGE have sparked widespread discussion.

The advantages of DOGE mainly lie in two aspects: first, it has an active community. Young users enjoy the relaxed and fun image of DOGE, constantly creating new ways to engage, which brings sustained attention to the coin. Secondly, on the funding side, institutions are starting to get involved in DOGE-related products, such as trust and ETF applications, which will enhance its liquidity. Coupled with low transaction fees, DOGE has great potential in the small payment sector.

However, DOGE also faces severe challenges. The unlimited inflation model is unfavorable for long-term holders and may lead to continuous value dilution. In addition, compared to other public chains, DOGE's technological development is relatively lagging, and the level of development activity is low, making it difficult to support large-scale application scenarios.

Overall, the future of DOGE is not entirely bleak, but it is also hard to say it is bright. In the short term, it may continue to maintain a certain level of market enthusiasm. However, in the long run, breaking through 1 dollar may be the upper limit of its price.

The fate of DOGE will depend on its ability to break free from reliance on individual influence and instead rely on its own technological innovation and practical application value. Ongoing community support and potential technological breakthroughs will be key factors in determining whether DOGE can establish a foothold in the fierce competition of cryptocurrencies.

The current cryptocurrency market is undergoing adjustments, and the Federal Reserve's expectations for interest rate cuts have also brought uncertainty to the market. Against this backdrop, investors should be more cautious, focusing on the fundamentals and long-term development potential of projects, rather than just short-term market sentiment.