2026-01-02 02:21:44

Dogecoin's current situation is quite interesting—its price hovers around 0.12U, down 12.7% over the past month, showing some weakness. However, the 24-hour trading volume suddenly surged to 800 million U, indicating underlying capital is starting to stir.

Let's first look at the factors that could save it. The DOGE payment feature on Platform X has been steadily advancing, with merchant adoption increasing by 300% by Q4 2025. This marks a step forward from pure speculation to real-world application. Additionally, asset management firms like Grayscale have placed DOGE on their watchlist. Once a DOGE ETF gets approved, the influx of new capital could be substantial. Moreover, the global community remains active on Telegram and Reddit, and meme culture continues to be a strong buff. Emotional-driven surges are still possible for this coin.

But there are significant risks. The biggest issue is that DOGE has no technical barriers; its core value relies on narrative and community sentiment, making it vulnerable to a single statement from key figures—Elon Musk's tweets have historically caused 20% drops in a single day. A deeper hidden risk is the unlimited supply: 5 billion new coins are added each year, which long-term continuously dilutes value. Plus, this coin has a temper—its largest single-year drop was 62%. Without proper stop-loss measures, traders could easily get liquidated.

For short-term trading, traders might consider lightly entering long positions around 0.1U with a stop-loss at 0.095U, targeting 0.15U (based on positive expectations for Platform X's payment adoption). But for long-term holding, it's crucial to be cautious of the bubble risk. It's recommended that the allocation not exceed 5% of your entire crypto portfolio.

DOGE8.75%

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.

10 Likes

Reward
10
5
Repost
Share

Comment

0/400

MetaNomad

· 2h ago

The trading volume has reached 800 million U, and the bottom funds are starting to stir, but can this thing really drop 20% on a single tweet from Elon Musk? So exciting. The merchant growth of X payment function by 300% sounds impressive, but honestly, DOGE is still driven by sentiment, with no real technological moat. The long-term unlimited supply setup has always been a trap. You can try a small position around 0.1U, set your stop-loss properly, and don't be greedy. But for long-term holding, it really should be kept within 5%, as this thing is too volatile. It's really about betting whether it can shift from pure hype to actual application. If the ETF passes, it can indeed be a bloodsucker, but the prerequisite is to avoid getting caught in a tweet. This coin has a really big temper. During the 62% drop, many people probably got liquidated directly. It's inherently a high-risk game.

View OriginalReply0

ChainSpy

· 2h ago

The 800 million U trading volume is really untensing, and the bottom funds are so active? Musk's tweet can smash 20%, this thing is a gamble on character... I will admit that DOGE ETF is really over, but it is still a bit greedy to use this as a long-term asset now. The position of 0.1U is indeed tempting, but to be honest, the unlimited supply will have to be repaid in the end. This currency is more valuable than technology, enthusiasts don't blame me for pouring cold water, the risk is always greater than the story. Meme coins are meme coins, don't package it as a financial product, then it will be embarrassing... 300% merchant growth sounds good but not so exaggerated, and it is still too early to really land. I feel like I'm going to start playing emotional games again, and jokes and topics are indispensable for the next big rise.

View OriginalReply0

GateUser-c799715c

· 2h ago

800 million U trading volume, this signal is quite interesting, the bottom is indeed starting to stir Elon Musk's single tweet can cause a 20% drop, this is definitely about gambling on reputation, so exciting If the DOGE ETF really gets approved, I think it could surge, but the prerequisite is to survive until that day... Unlimited supply is indeed a trap, long-term dilution is really harsh, I think the 5% allocation cap is reasonable Trying a small position of 0.1U is also okay, just worried about being knocked down again by a single statement Meme coins are like this, relying entirely on emotions and community, on the good side it's a buff, on the bad side it's gambling When will the read-only ETF approval come? Feels like I've been waiting for over a year

View OriginalReply0

BearMarketHustler

· 2h ago

Elon Musk's one word can cause a 20% drop. This thing is really a sentiment coin... An 800 million trading volume does make people a bit eager, but the hard flaw of unlimited supply is something no one can fix. --- If the DOGE ETF gets approved, capital will come in quickly, but the prerequisite is to withstand Musk's antics. This psychological test is a bit tough. --- I'm in favor of trying to go long with a small position, but really don't touch it if it exceeds 5%. I've seen this coin's temper too many times. --- Around 0.1 is indeed a good sniping point, but it depends on whether the underlying funds can truly support it... Now we can only bet on how long the story of X Pay can last. --- The meme culture buff sounds great, but can it be used to pay rent... Ultimately, it's still an air coin.

View OriginalReply0

PumpingCroissant

· 2h ago

DOGE is still the same, relying on emotions and a single word from Musk to go up and down. Now with a trading volume of 800 million U, it suddenly picks up, mostly because funds are betting on emotions. To be honest, the implementation of the payment function is a real feature, but the infinite supply is a tumor that can never be cured. In the long run, it’s still a slow death. In the short term, there is indeed gambling potential. Trying a small position of 0.1U is fine, but never go all-in. There are too many cautionary tales of margin calls. DOGE is just a gambling coin; don’t treat it as an investment. Wait, can 0.15U really be reached? This time, it won’t be knocked down again by a single tweet from Daddy Musk, haha. The 5% allocation cap suggestion is pretty good. Don’t be greedy, everyone. There is indeed a violent bottom-fishing opportunity, but the problem is you need to survive until the rebound day. This coin is basically a community sentiment game. Without fundamental support, it’s playing with fire. You must hold the stop-loss at 0.095U. Once the level breaks, cut and run decisively. Don’t think about bottom-fishing. It feels like DOGE rotation is coming again. Who will take the final step this time?

View OriginalReply0