Author: TechFlow
BTC is approaching a breakthrough, and the second-tier players who have been waiting for the altcoin market may be the most uncomfortable, 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 is still rich, and various topics and angles have not stopped their efforts.
The trend of Cult coins has not completely dissipated, and the Musk concept that swept the ETH mainnet a while ago is stirring again, and some concept sectors have started to pull up the market again after a period of accumulation.
The concept we are going to discuss today is "D.O.G.E", which Musk has mentioned several times on Twitter recently. Is this another "dog" concept coin? Let's find out what this concept is all about and what participation options are available.
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. But in fact, apart from the spelling, D.O.G.E. and Dogecoin have no conceptual (or angle) connection at all.
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 13. 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 20, 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 on-chain market, and at the time the attention was more focused on the TRON chain and the Black Goku narrative, so the market may not have paid much attention to this concept, and the related concept coins were basically fleeting, with an extremely short life cycle.
However, it wasn't long before this concept was mentioned by Musk again: on September 7, Musk posted another AI-generated image on his Twitter account with 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, and the previously launched but faded related concept coins re-erupted, and there were also many similarly named coins emerging.
Wrong angle, All In in vain
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 will also cause some similar misunderstandings due to this information gap: on September 28, when Musk posted another D.O.G.E-related tweet, many secondary players who did not understand the charm of the on-chain "angle" thought this was a hint about Dogecoin, and directly bought $DOGE, and the result was silently crying and cutting losses.
Li Kui or Li Gui, a variety of angles to appreciate
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, giving you the bag to hold? That's impossible! One concept, spawned no less than ten similarly named coins, after layer upon layer of screening, TechFlow has compiled a few D.O.G.E concept coins that still have liquidity and some heat.
Note: MEME token prices fluctuate violently and are highly risky, investors should fully assess the risks and participate cautiously. This article is only based on market hot spots to share information, 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 20, the same as the token mentioned earlier that flashed and then revived from the ashes. After three ups and downs, the market cap has now surged, the community is relatively active, and it 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 a punctuation mark, so it just looks like a knockoff of 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 in September, after Musk pinned the D.O.G.E concept tweet, and the impression is that it has a bit of a "conspiracy group" feel. As a latecomer, it experienced "explosive rise - 10x crash - rise again - crash again" extreme torture within three days of launch, until the targeting wallet address sold off all the tokens, and the 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 tokens are relatively dispersed 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, trading heat, and community activity seem relatively poor, and it's performing generally in the same concept.
4. $D.O.G.E.: Four dots, a special angle on the 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, and the recent trend has been clearly upward. The shortcoming is also the small trading volume and the community is not very active.
Summary
The D.O.G.E concept has absolutely nothing to do with Dogecoin, but it just so happens to be almost the same as Musk's own Dogecoin in the name. Does Musk really not know the impact this concept will have on DOGE or crypto players?
But whether it's a coincidence or intentional may not be important, which Ticket can pull the market may be what everyone is really concerned about.
As a market participant, it is important to keep a clear head in any market hot spot and not to get carried away blindly~
