In the past few cycles, the only tokens that have truly transcended the entire cryptocurrency circle are Bitcoin and Dogecoin.
When news of Bitcoin breaking $88,888 circulates in mainstream media domestically and internationally, do you think they will buy the extremely high-priced Bitcoin or the cute, easy-to-remember, and inexpensive Dogecoin? Moreover, when they talk about narratives, public chains, and value coins, they are completely confused, but when talking about Musk, it is clear that he is Dogecoin's biggest supporter.
The biggest opportunity in this bull market: Doge, and there is no other. The odds for retail investors are not high. Doge is currently only $50 billion; large funds cannot enter at all. It will at least reach a market cap of $500 billion, while BTC belongs to Wall Street. Musk will turn Doge into the next BTC.
Those who say Doge will reach one dollar are thinking too small; the first target is 3 dollars, the second target is 10 dollars.
I have emphasized multiple times before the election that as long as Trump wins, Doge will definitely take off. I believe my old fans should all hold it. Those who haven't bought shouldn't rush; wait for a wave of pullback, and holding will definitely lead to financial freedom. Dogecoin's monthly chart has broken through; don't fear the highs, as the real rally has just begun.
Next, let me explain in detail why I say this:
1. Dogecoin has a humorous social attribute! It is one of the oldest and most consensual POW cryptocurrencies!
2. Highly decentralized and is a leaderless currency!
3. The token model is superior to Bitcoin (not to demean BTC), I believe that in the next 10 years, people will realize that for a POW network to operate safely and stably without being affected by price, Doge's stable annual issuance of 5 billion (3% inflation) is a perfect model! It can ensure stable miner profits without the need to continuously double the price!
This is a stable equilibrium model; the reason why additional issuance is necessary is that from the perspective of the entire cryptocurrency POW coins, no coin can rely solely on "transaction fees" to maintain miner profits for safe operation! Bitcoin cannot, because after Bitcoin halves every four years, if the miner's computing power remains unchanged, the price needs to be driven up to maintain miner profits. Therefore, over the past decade, a cycle of bull markets every four years has formed in the cryptocurrency circle; there are coincidences and perceived factors, but this inertia being broken is just a matter of time! In my view, this is also an extremely unstable model! Of course, currently raising doubts in the BTC community may be deemed politically incorrect, but that does not mean this problem does not exist, right? Let's leave this question to time!
4. The goal of Dogecoin is point-to-point cash, which is also the vision of Satoshi's Bitcoin white paper! Unfortunately, after Bitcoin was taken over by fundamentalist religiousism, it did not fulfill such intentions and instead moved towards value storage (which is not a bad thing) but it is truly regrettable that it did not follow the vision of the white paper! Assuming that in the future, X really connects the payment system and lists Dogecoin as one of the payment methods, then the annual issuance of 5 billion will flow worldwide as a medium of exchange for various goods, as the essence of currency is a medium for information exchange!
This will lead to more people and more industries holding Dogecoin. At that time, supporting such a "payment method" will become a trend and consensus, and Dogecoin may possess both payment and value storage attributes! Just like holding U.S. dollars, you can also use dollars to trade goods! Here, please note when talking about Bitcoin, it is just a commodity, a scarce commodity with appreciation potential; Bitcoin does not possess the currency attribute of being a medium for information exchange on a large scale! Therefore, Bitcoin is indeed digital gold and very great, but Dogecoin's direction, on the other hand, is dual attributes!
5. The Doge community does not have a religious faction like BTC fundamentalism; this so-called religiousism does not accept any form of innovation or questioning! This willingness to evolve in community thought is precisely beneficial for the future forks and upgrades of Dogecoin; the necessity of upgrade forks will be mentioned in the subsequent points!
6. With the existence of platform X (the cryptocurrency hub) and Musk, the upgrade consensus of Dogecoin will have greater cohesion! This is a consensus cohesion that other coins do not possess! Therefore, it maximally retains consensus! This is very important! You might think I am just suppressing Musk, maybe so, or maybe we just see the same trend.
7. Dogecoin's low price is more conducive to future newcomers trying to buy! Don't underestimate this price issue; as the total market value increases, the price becomes a threshold for newcomers. Ask your new friends around you if they would choose Bitcoin as their first coin when entering the circle? Therefore, the opportunity for ordinary people may no longer be suitable for holding Bitcoin, while Dogecoin is a great choice!
8. Due to the rapid development of quantum computers, the United States has released post-quantum signature algorithms, which is official information from the U.S. Additionally, the 10th National Security Memorandum in the U.S. clearly states the urgency of upgrading algorithms from a legal perspective, with a deadline around 2030. Currently, Google and Apple have already partially completed upgrades; this is already a trend. Cryptocurrencies use "digital signature algorithms"; the NISI recommended algorithms for 2024 have also released specific standard parameters, yet almost no one in the crypto circle is paying attention to this matter, while the probability of it occurring in the next decade should be over 90%! Moreover, Vitalik, the founder of Ethereum, has repeatedly mentioned the necessity of upgrading algorithms in papers and the ETH roadmap!
Moreover, the U.S. NIST has already released a portion of algorithm parameters recommended for use worldwide! As for us, we only need to focus on the digital signature algorithms used in cryptocurrencies! Here’s a common sense: centralized institutions such as "banks", "information centers", "operating systems", "data centers", including POS projects in the cryptocurrency market, find it very easy to upgrade in an organized and orderly manner; however, remember that decentralized systems, especially proof-of-work POW cryptocurrency systems, are scattered worldwide, making it extremely difficult. I won’t elaborate further as it involves very hardcore knowledge....
9. Due to the high probability of item 8 occurring, Doge currently has advantages in its model, history, and community style that enable it to transition from 1.0 to POW 2.0! The upgrade is a "very very very very" complex issue involving cryptography, mathematics, and sociology. Whether it’s the underlying parameters of digital signatures or the consensus of proposals, strong community cohesion and consensus are required to achieve and must have absolute credibility! Therefore, the existence of platform X and Musk is a crucial path to achieving consensus; I do not think Bitcoin can easily accomplish this feat! At least the smoothness won't be faster than Dogecoin, and its consensus will remain more intact!
I believe Musk has also seen this, and to remind you, SpaceX has already implemented quantum encryption! The U.S. Department of Commerce will soon announce a timetable for abolishing the existing RAS! Why the Department of Commerce? Because it’s legal; in the future, if you want to do business with the U.S., laws stipulate that you must upgrade to secure quantum algorithms. The U.S. is a law-driven system!
10. In the coming years, there will definitely be voices comparing the models of Bitcoin and Dogecoin! Once such voices emerge, it will be irreversible. Along with algorithm iterations from government to enterprises (Google and Apple are already doing this, including Musk's SpaceX) finally leading to cryptocurrencies, this is an upgrade that cannot be avoided. At that time, all POW projects need to face the question of "how to ensure security in the future" rather than pursuing the "original flavor" of the past. In plain terms, Bitcoin's religiousism is worthless in the face of "security upgrades"; upgrades are a must! The cryptographic system is the crystallization of algorithms, and algorithms are composed of mathematics; no one can block the progress of mathematics. Not to mention a trillion-dollar project, even a hundred trillion is impossible!
The discourse power of Bitcoin's religiousism will be very weak in the future. Of course, PoS does not need to consider this issue, but how decentralized POW projects face this is a huge test! I cannot say that Dogecoin can succeed 100%, but what I want to express is that if Dogecoin completes such a significant paradigm shift, it will truly have strong "currency attributes" with consensus, and this is also irreversible! Based on the current price of "$0.3", calculating a 20-fold growth to an 800 billion dollar market cap may be severely underestimated.
Recently, I noticed that platform X has canceled Bitcoin's "B" icon, and Musk personally has a vision for point-to-point cash payments using Dogecoin. I believe someone is playing a big game. I don't want to engage in conspiracy theories; I only speak of what can be seen and verified! Whether Musk has noticed these things, I cannot be sure, but trends are trends, and he cannot change them!
Finally, the vision of Dogecoin 2.0: a model that guarantees long-term miner profits and safe operation, can also perform point-to-point cash payments, and store value, while remaining a decentralized leaderless currency, with humor and social attributes, and ease of dissemination! A low price facilitates newcomers' holding experience! Imagine if I were Musk, I would find a way to suppress the price of Dogecoin to allow for a controllable upgrade! And before that, I wouldn’t reveal a single word!
Note that the above needs time to materialize, so Doge is still very early!
