Why is Doge rising?

Recently, Doge has been rising significantly, attracting a lot of attention. As the largest market cap meme coin, does this signify the arrival of a meme explosion season?

1. Long-term existence and recognition: Since its launch in 2013, DOGE has gone through multiple market cycles, gradually establishing a stable user base and a good reputation, which is very important for any cryptocurrency.

2. Pioneer of meme coins: As the first successful meme coin, DOGE has created a new niche market, attracting a large number of investors looking for interesting investment opportunities. With the rise of other meme coins, DOGE's position has become more solidified, becoming a representative in this field.

3. PoW mechanism and inflation rate: DOGE uses a Proof of Work (PoW) mechanism, which ensures the network's security to some extent. Although the fixed annual issuance leads to inflation, as the total supply increases, the inflation rate gradually decreases, helping to maintain the relative stability of the coin's value.

4. Independent blockchain: DOGE has its own blockchain, meaning it is not affected by the technical limitations or security issues of other platforms, providing DOGE with a certain degree of independence and stability.

5. Musk's support: Elon Musk's public support for DOGE undoubtedly increases the exposure of this currency, attracting more attention. Additionally, Musk allows consumers to use Doge for payments.

Once the meme season explodes, many meme coins in the primary market may also perform well, such as Neiro, Pepe, Pnut, etc.

When choosing primary market meme coins, pay attention to:

1. Try to choose Ethereum-based coins, as the authenticity of the addresses is higher.

2. Choose active community meme coins, as the core of meme coins is the community.

3. Choose meme coins with a larger number of addresses, active transactions, and above-average market capitalization.

After long-term observation, I have chosen Ethereum-based Puppies, with Musk's endorsement, holding 12k coins, and a very large potential!!! #比特币突破10万？ #ETH市场新动向 #SOL创历史新高 #XRP与SEC新局面 #现任美SEC主席将于1月离职