A tweet stirs a market value of billions, what is D.O.G.E that Musk has repeatedly "called out"?
Which one is real?Author: Deep Tide TechFlow
BTC is nearing a breakthrough, and the ones suffering the most might be the secondary players who are anxiously waiting for altcoin trends. "Following the drop but not the rise" has been the true portrayal of the secondary market in recent days.
However, while the exchange market is quite torturous, the on-chain market remains rich, with various themes and angles continuing to gain momentum.
The trend of the Cult coin hasn't completely dissipated yet, and the Musk concept that recently swept through the ETH mainnet is stirring again. Some concept sectors have begun to rally again after a period of accumulation.
Today, we will discuss the concept that Musk has mentioned multiple times on Twitter recently: "D.O.G.E," is this another "dog" concept coin? Let's explore what this concept is all about and what participation methods are available.
This "D.O.G.E" is not the same as "$DOGE"
At first glance, D.O.G.E seems to be a rehash of Musk's beloved Dogecoin $DOGE, with just a few separators added. However, apart from the similar spelling, D.O.G.E has no conceptual (or angle) connection with Dogecoin at all.
D.O.G.E stands for Department Of Government Efficiency, which refers to a planning idea about government departments mentioned by Musk during an online conversation with Trump on August 13. In the discussion, Musk stated, "I think we need a government efficiency committee to examine where it makes sense to spend money and where it doesn't."
A few days after this concept was first mentioned, on August 20, Musk posted an AI-generated image on his Twitter account, labeled "Department Of Government Efficiency," with the caption "I am willing to serve."
At this point, D.O.G.E was just emerging, and the liquidity in the on-chain market was relatively poor. Attention was more focused on the TRON chain and the Black Wukong narrative, so the market may not have given this concept much attention. The related concept coins were basically fleeting, with very short lifespans.
However, it wasn't long before this concept was mentioned by Musk again: on September 7, Musk posted an AI image featuring the "D.O.G.E" characters on his Twitter account, captioned "Department Of Government Efficiency," and pinned this tweet. At that time, it was the period when the heat on the ETH mainnet was reigniting, and market attention was focused here. The previously launched but silent related concept coins erupted again, along with many similarly named coins emerging.
Wrong angle, all in for nothing
By sorting through the information, it is evident that D.O.G.E completely belongs to the "election" concept, rather than the "cats and dogs" concept. Each time Musk mentions D.O.G.E on Twitter, the market often misinterprets this information, leading to misunderstandings: after Musk posted about D.O.G.E again on September 28, many secondary players who were not well-versed in the "angle" charm of on-chain assets thought this was a hint at Dogecoin, and directly bought $DOGE, resulting in silent tears and losses.
Li Kui or Li Gui, a showcase of diverse angles
Of course, with the emergence of the D.O.G.E concept, it wasn't just the secondary players who love $DOGE that got it wrong; the primary on-chain market also has its own "diversity." The angle dispute has spread here as well, but this time the dispute over names is not limited to uppercase and lowercase letters, but also the correctness of punctuation: if you buy the uppercase, I'll buy the lowercase; if you go for three points of D.O.G.E, I'll go for four points of D.O.G.E. Each plays their own game, and passing the baton? That's impossible! The same concept has given rise to no less than ten similarly named coins. After layers of filtering, Deep Tide has compiled a few D.O.G.E concept coins that still have liquidity and some heat.
Note: Meme token prices are highly volatile and carry significant risks. Investors should fully assess risks and participate cautiously. This article merely shares information based on market trends; the author and platform do not guarantee the completeness or accuracy of the content, and this article does not constitute any investment advice.
1. $DOGE: The most popular and largest in scale, but the name doesn't quite match
Contract Address:
0x1121acc14c63f3c872bfca497d10926a6098aac5
24H Trading Volume: $4.4 million
Current Market Cap: $26.7 million
Highest Market Cap: $31.9 million
$DOGE was launched on August 20, which is the token that briefly flourished and then revived after being mentioned earlier. After three ups and downs, its market cap has surged, and the community is relatively active, currently having some support at an 8M market cap. This token's market cap and community size are the largest in its category, but the token name lacks punctuation, making it look like a knockoff of Dogecoin, which is a point of criticism.
2. $D.O.G.E: The name is correct, but has the conspiracy group left?
Contract Address:
0x46fdcddfad7c72a621e8298d231033cc00e067c6
24H Trading Volume: $264,000
Current Market Cap: $600,000
Highest Market Cap: $4.5 million
This $D.O.G.E was launched after Musk pinned the D.O.G.E concept tweet in September, and it gives off a slight "conspiracy group" vibe. As a latecomer, it experienced extreme turmoil within three days of launch: "explosive rise ------ tenfold crash ------ another rise ------ another drop," until the wallet address that was targeting it sold off all its chips, at which point the price gradually stabilized. Currently, it ranks second in heat within the D.O.G.E concept, with a market cap fluctuating between $400k and $900k. Its downside is that the chips are relatively dispersed, and trading volume is low, with consensus not yet solidified, leading to a slightly severe PvP phenomenon and significant price volatility.
3. $D.O.G.E: Shares the same name as the second player but was created earlier, with average heat
Contract Address:
0xbb376e82b796ec9d5ba68b10b33f79cbe612dc07
24H Trading Volume: $11,600
Current Market Cap: $144,000
Highest Market Cap: $798,000
This token shares the same name as the previous one, but its advantage lies in its earlier creation date (those who like OG concepts are in luck). However, it seems that its market cap and trading heat are relatively poor, and the community is not active, performing average among the same concept.
4. $D.O.G.E.: Four points, a particularly unique name angle
Contract Address:
0x0ccf34d2233e5c203b7047aa57be82eea985d128
24H Trading Volume: $525,000
Current Market Cap: $400,000
Highest Market Cap: $712,000
Unlike other tokens, this $D.O.G.E. has four points and no duplicate tokens, with a clear upward trend recently. Its downside is also low trading volume and a somewhat inactive community.
Conclusion
The D.O.G.E concept is completely unrelated to Dogecoin, yet it is oddly tied to Musk's own Dogecoin by name. Does Musk really not know the impact this concept will have on DOGE or crypto players?
Whether it's a coincidence or intentional may not matter; what truly matters is which ticket can rally the market.
As market participants, it is essential to keep a keen eye on any market trends and not to blindly follow the hype~
