Are meme coins doomed? Can Dogecoin and PEPE make a comeback? This question has been hotly debated in the crypto community recently. Once upon a time, Dogecoin and PEPE were the focus of the market, attracting thousands of investors. However, with market adjustments and the rise of more 'serious coins', the popularity of meme coins has clearly waned. Many people are beginning to question whether these coins can still create miracles like before.

Firstly, Dogecoin, as one of the most representative meme coins, has been praised by figures like Elon Musk, but it still hasn’t fully escaped the 'joke' label. Although its community is very large, with the maturity of the market and investors’ focus on long-term value, Dogecoin’s lack of substantial applications and technological innovation has led to significant development bottlenecks. In the short term, it may still be driven by some trending events or 'celebrities in the circle', but to fundamentally break through, it will likely need stronger 'endorsements' or technological updates.

As for PEPE, while it attracted a wave of investment through 'internet celebrity culture', similar to Dogecoin, its market performance is more like a flash in the pan. PEPE has not established a stable application ecosystem and economic model, and it lacks sufficient long-term investment value, relying more on short-term speculation. To turn things around, besides price fluctuations and speculation effects, it also needs more solid community support and the exploration of long-term value.

In summary, for Dogecoin and PEPE to turn the tide in the current market environment, they will need to rely on more innovation and substantial breakthroughs. The mere meme effect is no longer enough to support them in going further. To turn things around, they must find a breakthrough point; innovation is their only way out.