10 reasons why Dogecoin (DOGE) can still increase 20 times#)
This is an article worth 1 million US dollars if you understand it. If you don’t understand it, it is a pile of garbage. Please throw it into the trash can. Thank you!
1. Dogecoin has humorous social attributes! It is one of the oldest and most consensus-based POW cryptocurrencies!
2. The degree of decentralization is high, and it is an ownerless market!
3. The proxy market model is better than Bitcoin (no intention to belittle BTC) I think in the next 10 years people will realize that if the POW network wants to run safely and stably, and the price must not be affected by this, then Doge's stable annual issuance of 5 billion (3% inflation) is a perfect model! It can guarantee the stable income of miners without constantly pushing up the price to double! This is a stable equilibrium model. Why is it necessary to increase the issuance? Because from the perspective of the entire cryptocurrency POW coin, no coin can rely solely on "handling fees" to maintain miners' income and run safely! Bitcoin can't do it either, because after Bitcoin is halved every 4 years, if the miners' computing power remains unchanged, the price needs to be pushed up to maintain the miners' income. Therefore, in the past 10 years, the currency circle has formed the inertia of a 4-year bull market. There are coincidences and factors, but it is only a matter of time before this inertia is broken! In my opinion, this is also an extremely unstable model! Of course, raising questions in the BTC community will be classified as politically incorrect, but it does not mean that this problem does not exist, right? Let's leave the problem to time!
4. The goal of Dogecoin is peer-to-peer cash, which is also the vision of Satoshi Nakamoto's Bitcoin whitepaper! Unfortunately, after Bitcoin was taken over by fundamentalist ideology, it did not fulfill this intention but instead moved towards value storage (which is not necessarily bad). However, it is really regrettable that it did not follow the vision of the whitepaper! Suppose in the future, X really connects the payment system and lists Dogecoin as one of the payment methods; then the annual increment of 5 billion will flow into the world, serving as a medium of exchange in various goods. The essence of currency is a medium of information exchange! More people and more industries will hold Dogecoin, and supporting such a 'payment method' will become a trend and consensus, and Dogecoin may possess both payment and value storage attributes! Just like you can hold US dollars while also using them to trade goods! Here, please note to return to Bitcoin; it is just a commodity, a scarce product with appreciation potential. Bitcoin does not possess the currency attributes necessary for widespread use as a medium of information exchange! Therefore, Bitcoin is indeed digital gold and very great, but Dogecoin's direction is that of dual attributes!
5. The Doge community does not have the religious sect-like fundamentalism of BTC, where religious ideology does not accept any form of innovation or any questioning! This willingness to evolve in community thought is precisely beneficial for the future forking upgrades of Dogecoin; the necessity of upgrades will be mentioned in the later points!
6. With the presence of platform X (the cryptocurrency base) and Musk, the consensus upgrade for Dogecoin will have greater cohesion! This is a consensus cohesion that other coins lack! Therefore, it will preserve consensus to the greatest extent! This is very important! You might think I am really suppressing Musk, maybe, but perhaps we are just seeing the same trend.
7. The low unit price of Dogecoin makes it easier for newcomers to try buying in the future! Don’t underestimate the issue of unit price; as the total market value increases, the unit price becomes a threshold for newcomers. Ask your new friends around you if Bitcoin is still their first choice when entering the circle? Therefore, ordinary people's opportunities may no longer suit owning Bitcoin, while Dogecoin is a very good choice!
8. Due to the rapid development of quantum computers, the U.S. has released post-quantum signature algorithms, which is official U.S. information. The 10th National Security Memorandum in the U.S. also clearly states the urgency of upgrading algorithms from a legal perspective, with a deadline around 2030. Currently, Google and Apple have partially completed upgrades; this is already a trend. Cryptocurrencies all use 'digital signature algorithms.' The specific standard parameters have also been released in the 2024 NISI recommended algorithm. Currently, almost no one in the crypto sphere is paying attention to this matter, yet the probability of it happening in the next 10 years should be over 90%! Moreover, Vitalik, the founder of Ethereum, has repeatedly mentioned the necessity of upgrading algorithms in his papers and ETH roadmap! Additionally, the U.S. NIST has already released some recommended parameters for algorithms for the world to use! As far as we are concerned, we only need to focus on the digital signature algorithms used by cryptocurrencies! Here’s a common understanding: centralized institutions like 'banks,' 'information centers,' 'operating systems,' 'data centers,' including PoS projects in the crypto market, find it very easy to upgrade in an organized and orderly manner. However, remember that decentralized systems, especially proof-of-work POW cryptocurrency systems scattered around the world, face immense difficulty in upgrading; this involves very hardcore knowledge....
9. Given the high probability of the occurrence mentioned in point 8, Doge currently has the advantage of transitioning from 1.0 to POW 2.0 in terms of model, history, and community style! Moreover, upgrades are 'very, very, very, very' complex issues involving cryptography, mathematics, and sociology. Whether it is the underlying parameters of digital signatures or the consensus of proposals, they require strong community cohesion and consensus to accomplish, and must have absolute 'credibility'! Therefore, the existence of platform X and Musk is the necessary path to achieving consensus; I do not believe Bitcoin can easily achieve this feat! At least, the smoothness will not be faster than that of Dogecoin, and the preservation of consensus will be more complete! I believe Musk has also seen this; let me remind you that SpaceX is already implementing quantum encryption! The U.S. Department of Commerce will soon announce a timetable for abolishing the existing RAS! Why the Department of Commerce? It is the law; because in the future, if you want to do business with the U.S., the law requires you to upgrade to secure quantum algorithms. The U.S. is a law-driven system!
10. In the coming years, there will definitely be voices comparing the models of Bitcoin and Dogecoin! Once such voices appear, they are irreversible. Coupled with algorithm iterations from government to business (Google and Apple are already doing this, including Musk's SpaceX) and finally to cryptocurrency, this is an upgrade that cannot be bypassed. At that time, all POW projects will have to face 'how to ensure security in the future,' rather than pursuing the past 'original flavor.' In short, Bitcoin's religious ideology is worthless in the face of 'security upgrades'; upgrades must be made! The cryptographic system is the crystallization of algorithms, and algorithms are composed of mathematics. No one can stop the progress of mathematics. Even if it is a trillion-dollar project, it is impossible! The discourse power of Bitcoin's religious ideology will be very weak in the future. Of course, PoS does not need to consider this issue, but how decentralized POW projects face this is a huge test! It cannot be said that Dogecoin can succeed 100%, but what I want to express is that if Dogecoin completes such a significant paradigm shift, it will truly possess a strong consensus 'currency attribute,' and this is also irreversible! Based on the current price of '$0.3' and calculating a 20-fold increase, a market value of $800 billion may be seriously underestimated. Recently, I noticed that platform X has removed the 'B' icon for Bitcoin, and Musk's personal vision for peer-to-peer cash payments with Dogecoin makes me believe someone is playing a big game. I don’t want to engage in conspiracy theory; I only speak of what can be seen and verified! Whether Musk has seen these, I cannot be sure, but trends are trends, and he cannot change that!
The final vision for Dogecoin 2.0: a model that guarantees long-term miner profits and safe operation, allows for peer-to-peer cash payments, serves as a store of value, remains a decentralized and ownerless currency, incorporates humor and social attributes, making it easy to spread! The low unit price makes it easy for newcomers to hold and experience! Imagine if I were Musk, I would find a way to suppress the price of Dogecoin to facilitate a controlled upgrade! And prior to this, I would not disclose a single word more!
Note that it takes time for the above to land, so Doge is still very early! (This does not constitute any investment advice!)#doge⚡ $DOGE