Author:TechFlow
BTC is approaching a breakthrough, and the second-tier players who wait anxiously for altcoin seasons may be the ones suffering the most, as "following the decline but not the rise" has been the true portrayal of the secondary market in recent days.
However, although the exchange market is extremely agonizing, the on-chain market remains vibrant, with various topics and angles continuing to gain momentum.
The craze for Cult coins has not completely subsided, and the Musk concept that swept the ETH mainnet a while ago is stirring again, with certain concept sectors having undergone a period of accumulation and starting to pull the market again.
The concept we will explore today is the recent "D.O.G.E" that Musk has mentioned multiple times on Twitter, is this another "dog" concept coin? Let's take a look at what this concept is all about and the various ways to participate.
This "D.O.G.E" is not the same as "$DOGE"
At first glance, D.O.G.E seems to be a reintroduction of Musk's beloved Dogecoin $DOGE, with the only difference being the addition of a few separators. However, apart from the identical spelling, D.O.G.E has no conceptual (or angle) association with Dogecoin.
D.O.G.E stands for Department Of Government Efficiency, which is a planning concept mentioned by Musk in an online dialogue with Trump on August 13th. In the talk show, Musk said: "I think we need a government efficiency committee to look at where we're spending money wisely and where we're not."
A few days after first mentioning this concept, on August 20th, Musk posted an AI-generated image on his Twitter account with the text "Department Of Government Efficiency" and the caption "I'm down to serve".
At this point, D.O.G.E was just emerging, with relatively poor liquidity on the chain, and at the time, more attention was focused on the TRON chain and the Black Goku narrative, so the market may not have given this concept much attention, and the related concept coins were essentially fleeting, with an extremely short life cycle.
However, it wasn't long before this concept was mentioned by Musk again: on September 7th, Musk posted a Twitter tweet with an AI-generated image containing the "D.O.G.E" characters, captioned "Department Of Government Efficiency" and pinned the tweet. At that time, the heat on the ETH mainnet was reigniting, and the market's attention was focused on it, with the previously launched but faded related concept coins re-erupting, and many similarly named coins also emerging.
Wrong angle, All In is a waste of effort
Through sorting out, the obvious fact is that D.O.G.E is completely a "election" concept, not a "cat and dog" concept. Whenever Musk mentions D.O.G.E on Twitter, the market also causes some similar misunderstandings due to this information gap: on September 28th, when Musk posted another D.O.G.E-related tweet, many secondary players who did not understand the "angle" charm of the on-chain thought this was hinting at Dogecoin, and directly bought $DOGE, resulting in silently crying and cutting losses.
Li Kui or Li Gui, a diverse angle appreciation
Of course, when the D.O.G.E concept emerged, it was not only the Dogecoin-loving secondary players who went to the wrong temple, the primary on-chain market also had its own "diversity". The angle dispute also spread here, but this time the name dispute was not only limited to uppercase and lowercase, but also the correctness of punctuation: you buy the one with three dots, I'll buy the one with four dots, each playing their own game, will you take the bags? No way! A single concept has spawned no less than ten similarly named coins, and after layer-by-layer screening, TechFlow has identified several D.O.G.E concept coins that currently have liquidity and some heat.
Note: MEME token prices fluctuate violently and have a high degree of risk, investors should fully assess the risks and participate cautiously. This article is only for information sharing based on market hotspots, the author and the platform do not guarantee the completeness and accuracy of the content, and this article does not contain any investment advice.
1. $DOGE: Highest popularity and largest scale, just the name is a bit off
Contract Address:
0x1121acc14c63f3c872bfca497d10926a6098aac5
24H Trading Volume: $4.4 million
Current Market Cap: $26.7 million
Highest Market Cap: $31.9 million
$DOGE was launched on August 20th, the same as the token mentioned earlier that flashed and then revived. After three ups and downs, it has now surged in market cap, with a relatively active community, and currently has some support at an $8M market cap. This token has the largest market cap and community size in the track, but the token name does not have punctuation, which looks like a counterfeit Dogecoin, which is also one of its criticisms.
2. $D.O.G.E: The name is correct, but did the conspiracy group leave?
Contract Address:
0x46fdcddfad7c72a621e8298d231033cc00e067c6
24H Trading Volume: $264,000
Current Market Cap: $600,000
Highest Market Cap: $4.5 million
This $D.O.G.E was launched after Musk pinned the D.O.G.E concept tweet in September, and the impression is that it has a slight "conspiracy group" feel. As a latecomer, it experienced "explosive rise - 10x plunge - rise again - plunge again" extreme torture within three days of launch, until the targeting wallet address sold off all the chips, and the coin price gradually stabilized. Currently, it is the second hottest in the D.O.G.E concept, with a market cap fluctuating between $400k and $900k. The shortcomings are that the chips are relatively scattered and the trading volume is small, the consensus has not yet coalesced, and the PvP phenomenon is slightly severe, with large price fluctuations.
3. $D.O.G.E: Same name as player 2 but created earlier, general heat
Contract Address:
0xbb376e82b796ec9d5ba68b10b33f79cbe612dc07
24H Trading Volume: $11,600
Current Market Cap: $144,000
Highest Market Cap: $798,000
The same name as the above token, the advantage is that this token was created earlier (those who like the OG concept are in luck). It's just that the current market cap and trading heat seem relatively poor, the community is not active, and the performance in the same concept is general.
4. $D.O.G.E.: Four dots, a special angle name
Contract Address:
0x0ccf34d2233e5c203b7047aa57be82eea985d128
24H Trading Volume: $525,000
Current Market Cap: $400,000
Highest Market Cap: $712,000
Different from the other tokens, this $D.O.G.E. has four dots, and also has no namesake tokens, with a clear upward trend in recent performance. The shortcoming is still the small trading volume and the community is not very active.
Summary
The concept of D.O.G.E. has absolutely nothing to do with Dogecoin, but it is almost the same as Dogecoin, which is associated with Musk himself. Does Musk really not know the impact his mention of this concept will have on DOGE or crypto players?
However, whether it is a coincidence or intentional may not be important, which Ticket can better pull the market may be what everyone is really concerned about.
As a market participant, you need to be vigilant in any market hotspot and not blindly get carried away~
