The MEME ecosystem is thriving, and DOGE may迎来新价值周期

Recently, the MEME ecosystem has been extremely popular, with multiple projects achieving several times or even dozens of times in gains. However, most participants are still facing significant losses. Therefore, rational participation, strict risk control, and adherence to trading strategies are crucial, and one should not be misled by survivor bias.

When researching the MEME track, starting with the leading project DOGE, I found that it is undergoing some interesting changes. Overall, influenced by a certain well-known entrepreneur's potential political involvement, DOGE is attracting new sources of traffic - political traffic. The upcoming election results may bring a whole new value cycle to DOGE.

DOGE Development History: Traffic-Driven MEME Surge

DOGE was established in December 2013, inspired by the popular Shiba Inu meme at the time. The founder's intention was to satirize the hype in the cryptocurrency market and create a light-hearted, community-driven token. DOGE aims to make cryptocurrency more accessible, contrasting with the technical and financial nature of Bitcoin.

Unlike Bitcoin, DOGE has no supply limit. Technically, DOGE was similar to Litecoin in its early days, with no major innovations. However, its simplicity and community culture have provided a market foundation.

DOGE has developed significantly thanks to strong community support. In early 2014, the community raised funds for the Jamaican bobsled team to participate in the Sochi Winter Olympics, gaining a lot of media exposure. DOGE has also been used for charitable projects such as water well construction in Africa, showcasing its potential as a payment tool.

In 2017, the cryptocurrency market exploded, and the price of DOGE surged at one point. The market downturn after 2018 led to DOGE being regarded as a marginal currency for a time. It wasn't until 2020 that DOGE experienced a significant turnaround in its fate. A well-known entrepreneur became its most famous supporter, mentioning DOGE multiple times on social media, referring to it as "the people's cryptocurrency."

In April 2021, the entrepreneur released a picture of a dog barking at the moon, and the price of DOGE reached an all-time high, breaking $0.70. Although Tesla did not accept DOGE payments, SpaceX announced that it would accept DOGE for certain services, further enhancing its mainstream application scenarios.

DOGE Weekly Increase of Nearly 30%: Political Traffic Potential Emerges

Recently, DOGE has risen nearly 30%, which is related to a certain well-known entrepreneur's possible involvement in politics. He proposed the establishment of the "Department of Government Efficiency" (abbreviated as D.O.G.E), which is an initiative co-launched with a former president aimed at conducting a comprehensive financial audit of the federal government and making recommendations to reduce waste, fraud, and unnecessary expenditures.

The entrepreneur expressed willingness to participate in this plan without seeking compensation or titles, emphasizing the determination to simplify government operations. The name D.O.G.E is inspired by the DOGE community. Opinion leaders in the DOGE sector immediately began to hype this topic. The former president also responded actively, announcing that if elected, he would work with the entrepreneur to establish a Government Efficiency Committee.

As the election approaches, particularly during a speech at a city hall in a certain city, the D.O.G.E plan has garnered more attention, pushing its increase to 30%.

Outlook: The Political Traffic Potential of DOGE

The likelihood of this entrepreneur entering politics is quite high. In this U.S. election, he has firmly supported a certain candidate, including acquiring social media platforms, donating to the campaign team, and actively promoting. The certain candidate has also repeatedly expressed a desire to invite him to enter politics, join the cabinet, or serve as an advisor.

If the "Government Efficiency Department" is successfully established, its proposal to streamline government departments will receive significant attention. The essence of MEME is traffic, and this event will inevitably provide DOGE with new traffic channels—political traffic. In the future, the U.S. Government Efficiency Department (D.O.G.E) may initiate measures such as layoffs in government departments, which will provide good exposure opportunities for DOGE.

Therefore, DOGE will become an undeniable hotspot in politically relevant transactions within the cryptocurrency industry, worthy of ongoing attention.