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In recent years, the positioning of DOGE ( has undergone a significant transformation in the encryption currency market. Initially regarded as a speculative tool for small investors seeking high returns, it has gradually evolved into a relatively stable digital asset.
This transformation reflects the market's changing attitude towards DOGE. From being once questioned as an 'air coin' to now being a widely trusted mainstream encryption currency, DOGE's growth journey is remarkable. Long-term holders have deeply experienced the ups and downs of this evolution.
Although DOGE may have lost its former potential for quick riches, it is still considered a long-term promising investment choice. It is expected to surpass the inflation rate in the future and may outperform most altcoins in the cryptocurrency market.
However, in the short term, DOGE faces challenges. In the current market environment, it may be difficult to outperform popular cryptocurrencies like Ethereum, SUI, or HBAR. Analysis shows that DOGE is expected to reach a price level of around $0.36, but breaking through the resistance of $0.74 is quite challenging. To achieve higher targets, it may need to experience a pullback to around $0.16 and undergo several weeks of consolidation.
Overall, DOGE has evolved from a highly speculative niche coin into a more mature and widely accepted component of the cryptocurrency ecosystem. While it may no longer offer the explosive growth opportunities of the early days, DOGE still represents a relatively solid long-term investment choice.