The future development of DOGE has several aspects. On one hand, there is technological innovation; it is working on Layer 2 solutions to increase network throughput and reduce costs, paving the way for large-scale commercial use. It uses the Scrypt algorithm, making mining easy and transaction confirmations fast, completed in 1 minute, which is much faster than Bitcoin's 10 minutes. The transaction fees are also very low, making it particularly useful for micropayments. It is also exploring solar-powered mining, pursuing a green development route.
The application scenarios are continuously expanding. On social media, it has become a new tool for tipping; in live streams, fans can use it to give gifts to streamers; online forums use it as community points to incentivize participation. In business, there are 'DOGE payment discount' activities, and it is used to sponsor sports events and issue NFTs. In the metaverse, it can be used to purchase virtual land and decorations. Its small and convenient characteristics make it useful for online shopping, charity, and cross-border remittances.
The community has a significant impact on the development of DOGE. It has been open source from the beginning, with no pre-mining and fair distribution. Community members actively maintain the network, provide suggestions, and promote it. In the future, the community's strength is expected to be very helpful.
Looking at the price trend, according to CoinCodex analysis, DOGE is expected to reach a new high in 2025, with an estimated maximum of $0.112794, a minimum of $0.3368934, and an average of $0.583661. Investor returns could be as high as 177.32%, but the volatility is significant due to market sentiment and celebrity statements.
In terms of competition, DOGE faces considerable pressure. As a payment token, mainstream coins like Bitcoin and Ethereum have broader applications in payment and store of value. Although it is well-known on social media, its practical application is not strong enough. It needs to innovate and expand in the future to enhance its competitiveness.
Recently, the Musk-themed 𝑝𝑢𝑝𝑝𝑖𝑒𝑠 project on the Ethereum chain has become very popular, similar to the previous shib, with an innovative concept. If investors are interested, it's worth paying attention to; they might discover potential coins.
