With the help of Musk, $DOGE has been highly hyped as a well-known meme coin, but can it really ascend to the throne of Bitcoin?

Let's look at the supply mechanism first. Bitcoin's upper limit of 21 million coins creates scarcity and strongly promotes value growth. Dogecoin has a huge and unlimited supply, which is simply incomparable to Bitcoin in this regard.

In terms of application scenarios and popularity, Bitcoin dominates the field of value storage and international payment tools. Dogecoin mainly exists as an interesting currency in small transactions, and its adoption and practicality are far less extensive and in-depth than Bitcoin.

There is also a clear gap in institutional recognition. Bitcoin is deeply supported by various institutions and is an important part of institutional investment layout. Although it is well known that Musk loves Dogecoin, many financial institutions still prefer Bitcoin.

In short, although Dogecoin may rise in price in the short term due to major news, if it wants to have the status and fame of Bitcoin, it must vigorously transform and upgrade key points such as infrastructure construction and market adoption, otherwise it will be difficult to effectively challenge Bitcoin's king status. #超级MEME周期？ #marvin尾数地址7055