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DOGE is a bit magical. It started as a joke coin, yet it has surprisingly made it to today and is even recognized by the market. Behind this is not without a person—Elon Musk.
That said, even industry giants have to admit this point. An executive from a leading exchange confessed that what surprised him most about DOGE was its "tenacity." He originally thought it should have perished long ago, but what happened? It's still here. The enthusiasm shown by the boss of SpaceX and Tesla has almost become a key factor in sustaining its vitality.
The executive said very directly: "I really didn't expect meme coins to last this long. DOGE is a prime example. Elon Musk frequently speaks for it on social media, which is probably the main reason it still has market heat today."
Let's take a look back. DOGE was born out of entertainment and mockery, and at that time, no one thought to take it seriously. But in today's cryptocurrency ecosystem, it has become more than just an insignificant minor player. This coin, symbolized by the Shiba Inu, has surprisingly become a regular in the market, with trading volumes that are not insignificant. The key is, as long as Musk mentions it on Twitter, the market reacts accordingly. To be honest, it's hard for other projects to compare to this kind of influence.