The characteristics of the golden dog meme are explained as follows:

1. There is no excessive competition and everyone has the opportunity to buy at low prices.

2. It has a native cultural foundation and can be understood by both web2 and web3 users.

3. The name is concise and can be easily understood, and the cost of dissemination and understanding is low.

4. There is protective behavior at key price levels, especially when the market value is high, it can maintain a sideways state, and occasionally there will be sudden price fluctuations.

5. After selling, you will still be impressed by the currency, feel reluctant to part with it, and have the desire to buy again.

6. It does not necessarily belong to the popular concepts of the past few days or the mainstream cognitive category of the current cycle, but can lead to the popularity of new concepts.

7. It is easy to imitate the disk, and the elements that can be imitated are relatively obvious. After being imitated, people can see the imitation object at a glance, such as the situation where ten thousand dogs return to the same clan and ten thousand frogs return to the same clan.