Many people ask why doge doesn't go up?

I am here to provide an answer, and it's not that Dogecoin isn't good, but the entire meme sector has collapsed. The main theme this round is not memes; memes have no actual value and mainly rely on emotions and the get-rich-quick effect. However, retail investors no longer believe in it because those seeking overnight wealth have gone to the primary chains to engage in dog coin projects. Those pursuing stability will also choose to invest in tokens with ecosystems and applications, such as: public chain sector, staking sector, and DeFi sector.

Overall, it's true that retail investors have become smarter and are also scared by the downturn. Additionally, institutions are reluctant to enter the meme sector, and even Musk has stopped promoting doge, which is why the mood is so gloomy.

Is there any opportunity for Doge in the future?

Of course there is. It depends on whether the ETF can be established in October and whether institutions are willing to inject funds into Dogecoin. The best outcome for Dogecoin is to be linked with institutions and large companies, as Dogecoin has a bit of payment attributes.

#doge #ETH走势分析