Launched in 2013, DOGE, with its unique Shiba Inu logo and a lighthearted, entertaining positioning, has become a notable presence in the cryptocurrency market. As the first digital asset based on an internet meme, DOGE's development trajectory is quite distinctive.

The technical foundation of DOGE is built on the Scrypt algorithm, which is the same as Litecoin. This algorithm allows for GPU mining, making transaction processing speeds approximately 10 times faster than Bitcoin, while maintaining very low transaction fees, making it ideal for small payment scenarios. It is worth noting that the zero-knowledge proof upgrade proposal put forward in July 2025, if approved, will bring zk-rollups compatibility to DOGE, potentially significantly enhancing its transaction privacy and scalability.

In terms of price, by August 2025, DOGE is expected to fluctuate between $0.19 and $0.21. Although it has increased by 90% over the past year, there is still a significant gap compared to the peak of $0.70 in 2024. The price of DOGE is influenced by multiple factors, among which social media trends and celebrity effects play important roles. For example, tweets from well-known figures like Musk often trigger sharp short-term price fluctuations. Additionally, the actions of large holders who increased their holdings by over 1 billion DOGE in May 2025 also reflect some investors' confidence in its prospects.

The practicality of DOGE is gradually expanding. Currently, more than 1,600 merchants worldwide accept DOGE as a payment method, including the NBA team Dallas Mavericks, which undoubtedly enhances its practical application value as a payment tool.

From a technical perspective, if DOGE can break through and stabilize above $0.25, it may further challenge the $0.3 mark. However, if it falls below the $0.19 support level, it may retrace to around $0.15.

Despite the positive development momentum, DOGE still faces many challenges. First, there is inflationary pressure due to its unlimited supply mechanism, which may pose a dilution risk to its long-term value. Although the inflation rate is expected to drop to 2.4% by 2040, strong community demand is still needed to support the price in the short term. Second, DOGE's price is highly sensitive to social media sentiment, leading to significant market fluctuations. In August 2025, influenced by uncertainties in macroeconomic policy, DOGE's daily price fluctuations often exceed 10%.

In addition, DOGE faces competitive pressure from other meme coins. For example, the rise of tokens like SHIB has diverted some market attention. To maintain its competitive edge, DOGE needs to continuously innovate and expand its application scenarios.

总的来说,DOGE作为一种独特的加密资产,正在努力从纯粹的迷因币向更具实用性的数字货币转变。 其未来发展将取决于技术创新、社区支持以及更广泛的市场接受度。 投资者在关注DOGE时,需要权衡其潜在收益与固有风险,做出理性的投资决策。