Recently, a few things about DOGE are truly worth taking a closer look at.

First, let's talk about this move in the capital of Argentina—citizens can now directly pay their municipal taxes with DOGE. This isn't a marketing gimmick by small businesses; it's official government-level support. In other words, the payment application scenario has gone from virtual to real, with a meme coin being recognized at the government level for the first time. This alone changes the way the story is told.

Regarding inflation, people are always concerned about fixed issuance. But what’s the reality? When genuine payment demand starts to explode, the newly minted tokens each year will be quickly absorbed. The control over scarcity will gradually shift from code parameters to actual global payment needs. This logical reversal cannot be ignored.

On Wall Street’s side, action has also begun. Bitwise has launched the Meme ETF listed on the NYSE, with DOGE as its core holding. What does this opening mean? A large amount of compliant institutional funds can now directly enter the market, fundamentally changing the game.

The current technical situation is quite interesting—price is repeatedly battling around the $0.13-$0.14 level, with on-chain data showing large holdings accumulating heavily at this range. If it can stabilize above $0.14, the subsequent space could be significant. But if it drops below $0.125, the short-term momentum will need to be reassessed.

Ultimately, DOGE is no longer just a pure internet meme. The current story is composed of real-world applications by local governments, institutional allocations from Wall Street capital, and a brand-new payment economy model.

A question worth pondering: how far do you think this new narrative can go? Do you believe in this combined approach of government support, capital, and technology, or do you remain cautious about this entire experiment?

(Note: These assets are highly volatile. You need sufficient risk tolerance and should participate with funds you can afford to lose.)