Meme coins cannot be sustained; they are just a selling point this year, similar to DeFi in 2021, which has almost been abandoned this year and will be hard to rebound to previous highs. It is recommended to quickly exchange DeFi holdings for Doge to recover losses.
Doge is currently the only coin that is almost certain to triple in value visibly. The others are all bets. The risks are very high.
If you hold other meme coins, once you get stuck, they will be abandoned after this bull market and will never be unbound. Refer to DeFi coins from 2021, as well as Shib, which was also mentioned by Musk several times in 2021.
Doge's explosive rise is entirely due to Musk's promotion. Currently, he seems to be preparing to hold Doge for the long term because government departments are calling for Doge.
Below is the early history of Doge.
Doge initially claimed to be an air coin, having a large number of loyal fans who firmly believe that Dogecoin can rise to one cent in RMB. Each of them holds tens of billions of Dogecoins, and they classify Doge as an air coin themselves, while outside the crypto circle, Dogecoin is defined as a Ponzi scheme because they regularly hold meetings, hang banners, take photos, and promote buying coins. There was a segment in Doge's introduction that has now been deleted: over time, the total number of Dogecoins will expand infinitely, and eventually, the price of Dogecoin will approach zero. Currently, it seems that this infinitely supplied coin, except for Doge, struggles to maintain value, such as ETH, Litecoin, etc.
If Dogecoin does not have Musk's promotion, its fate will be similar to Litecoin's, which has been almost abandoned. The founder of Litecoin announced the abandonment of Litecoin in 2014. The founder of Doge also did the same; after developing Doge, he abandoned it, and the subsequent operation and upgrades of Doge rely entirely on volunteers for maintenance.
Dogecoin will reach a critical point; once the number of holders stops growing, the annual issuance of 5 billion will lead to a gradual decline in Doge's price each year. This critical point is expected to occur in 15-20 years, when the global holder population reaches 40%, which is around 3 billion, approximately between 2035-2040. If Musk stops promoting, this time will be infinitely advanced.
