To learn more about the coin circle, clickContinuously updatingNxyz's investment portfolio can be considered luxurious, why top institutions such as Paradigm, CoinbaseVentures, and Sequoia Capital are so favoredAgainst the backdrop of the upcoming bull market at the end of the year, the DOGE coin has recently risen by 4%, which has led people to wonder whether it can break through the price of $1. As a cryptocurrency, DOGE coin has gradually become popular and received widespread attention in the past few years

To learn more about the coin circle, clickContinuously updating

Nxyz's investment portfolio can be considered luxurious, why top institutions such as Paradigm, CoinbaseVentures, and Sequoia Capital are so favored

Against the backdrop of the upcoming bull market at the end of the year, the DOGE coin has recently risen by 4%, which has led people to wonder whether it can break through the price of $1. As a cryptocurrency, DOGE coin has gradually become popular and received widespread attention in the past few years. Its high volatility in value has also attracted the interest of many investors.

The rise of the DOGE coin may be due to the overall optimism of the market towards cryptocurrencies and increased purchasing demand from investors. As the end of the year approaches, bull market expectations are driving an increase in market activity and trading volume. This has also made digital assets such as DOGE coins the focus of many people's attention.

However, to determine whether the DOGE coin can truly reach a price of $1, other factors need to be considered. The cryptocurrency market has high volatility, and price fluctuations are influenced by various factors, including market sentiment, news events, regulatory policies, and so on. Therefore, we cannot rely solely on short-term price fluctuations to make judgments.

As the bull market approaches at the end of the year, DOGE has shown impressive growth, rising 4%, reigniting speculation of a potential breakthrough of $1.

The cryptocurrency field has always been filled with excitement, especially with Elon Musk's recent philosophical tweet, which has caused ripples in the cryptocurrency community and may have affected the momentum of Dogcoin.

In addition, the technical indicators of the coin indicate that we may be approaching a critical turning point for dog coins.

Despite having a lot of enthusiasm, we cannot ignore the sluggish performance and generally pessimistic outlook of Dog Coin in the past.

Adding to this mix is the rumor of Musk collaborating with billionaire investor Bill Ackman, which has raised doubts among many about its impact on the future trajectory of Dogcoin.

Musk's Philosophical Tweet and Its Impact on Cryptographic Communities

A recent tweet by Musk, the world's richest entrepreneur, sparked excitement in the global cryptocurrency community. Musk adopted a philosophical approach this time, discussing the challenges of overcoming hatred and addressing regulatory issues.

As usual, his tweets have had the greatest impact on the communities of Dog, Shiba, and XRP.

Musk asked his 159.7 million Twitter fans, "How many times did you face adversity before achieving success?" Renowned figures such as Billy Marcus of Dogcoin and experts in Dogcoin responded almost immediately.

Due to being the most followed individual on Twitter and now known as the X application, Musk's tweet is of great significance.

Therefore, Musk's recent tweet discussing how to overcome challenges and respond to regulatory agencies has sparked excitement in the crypto community, especially regarding Dogcoin.

The Rumor Alliance of Musk and Ackerman: Its Impact on the Future of Dogcoin

In addition, simply mentioning the names of Elon Musk and Bill Ackerman in the same conversation is enough to spark excitement in the cryptocurrency world.

Recent rumors suggest that there may be a potential partnership between Musk's X social media platform and Ackerman's PershingSquareCapital Management, which has sparked curiosity about its impact, especially on dog coins.

Billionaire Bill Ackman, CEO of PershingSquare, has shown interest in Musk's X platform, which has nearly 800000 users.

With the recent regulatory approval of Ackermann's SPARC, he has clearly focused on private growth companies. The connection between Musk and Dogcoin, as well as speculation about whether Dogcoin will be used in X's payment system, has raised questions about how the potential for cooperation can drive the value of Dogcoin to reach $0.75.

This cooperation can significantly increase the price of dog coins by expanding adoption and influence.

Dog coin price

As of October 15th, Dogcoin (DOGE/USD) has shown some encouraging signs in its daily technology outlook. As of today, the price of dog coins is 0.059396 US dollars. In the past 24 hours, the transaction volume of the coin has reached $118.45 million, and its value has increased by 1.50%.

According to CoinMarketCap, Dogcoin currently ranks 9th with a market value of approximately $8.4 billion. The circulation supply is as high as 141.42 billion DOGE coins, although its maximum supply has not yet been disclosed.

Dog coin price

For those who closely monitor the 4-hour chart time frame, there are some key price levels that need to be monitored:

• Pivot point:0.06230 USD
• Immediate resistance:0.06500 USD
• Subsequent resistance:$0.06780 and $0.07060
• Instant support:0.05940 USD
• Further support:$0.05660 and $0.05380

In terms of technical indicators, the relative intensity index (RSI) is 46, indicating a key point below 50, indicating bearish sentiment. Although specific data on the divergence of moving average convergence (MACD) has not yet been released, its trend line is usually an important indicator for predicting potential momentum shifts.

At the same time, the 50 day moving average (50EMA) of the index is at $0.05930, indicating that the price of dog coins is slightly above this level, indicating a bullish trend.

Dog coin price Tradingview

Although the exact chart patterns for Dogcoin have not yet been clearly specified, these patterns can provide important insights into potential future trends.

Overall, the overall sentiment of Dogcoin tends to be bullish, as it is slightly above the level of $0.0593. In the short term, it is expected that Dogcoin may touch or test some of the aforementioned resistance levels.

As usual, investors should remain informed and prepared for the volatility of the crypto market.

With the arrival of halving Bitcoin, list some counterfeit varieties with a base of 10-100 times~

Current total amount: 1.027 billion

Peak valuation: around 160 billion yuan

Reason for optimism:

1. At present, TVL ranks fourth and ranks first in all data on the L2 track. ETH in the public chain is the absolute king, while ARB is the king on ETH. The most popular native protocols are also the most popular. After the upgrade to Cancun, the handling fees have significantly decreased, and the ecosystem is more prosperous, making it the most worthwhile investment in the L2 sector.

2. Risk and return coefficient: medium to low risk, medium to high return

3. Valuation logic: According to the public chain valuation method, the valuation of top-level L2 can reach 6-20% of the local public chain. Taking 10% here, Ethereum's 1.6 trillion yuan valuation is 10%, and the peak valuation of ARB in the 2025 bull market is likely to reach 160 billion yuan

Current total amount: 4.3 billion

Peak valuation: around 90 billion yuan

Reason for optimism:

1. At present, in the L2 sector, it is second only to ARB, and TVL ranks 6th. The ecological development is rapid, and the second layer network of Coinbase has also chosen OP. It is also benefited by the upgrade of Cancun, and the future development prospects are very good.

2. Risk and return coefficient: medium to low risk, medium to high return

3. Valuation logic: According to the public chain valuation method, the valuation of top-level L2 can reach 6-20% of the local public chain. Taking 6% as the calculation, Ethereum's 1.6 trillion yuan valuation is 6%. OP2025's bull market peak valuation may reach 96 billion yuan, Ethereum's 1.6 trillion yuan valuation is 6%, and OP2025's bull market peak valuation may reach 96 billion yuan

The current total amount is 1.4 billion

Top valuation of 10 billion yuan

Reason for optimism:

1. LSD track leader, one dominant company. The ETH pledge rate is sure to continue to rise in the next two years, and without any surprises, LDO will continue to maintain a leading advantage and seize more market share.

2. Risk and return coefficient: medium to high in risk and medium to high in return

3. Valuation logic: At the peak of the bull market, the track leader reached 3% of the total market value of Ethereum, which is not excessive. 1600x0.03=48 billion

The current total amount is 3 billion yuan

Peak valuation of 30 billion yuan

Reason for optimism:

1. A dark horse in the NFT sector, currently ranked first in trading volume. The market size of NFT in 2025 can reach hundreds of billions. BLUR currently combines trading and borrowing, and the future is promising.

2. Risk and return coefficient: medium to high in risk and medium to high in return

3. Valuation logic: In 2021, the valuation of Opensea reached 13 billion, and now BLUR's ranking has surpassed Opensea. The peak valuation of the bull market in 2025 is expected to reach 30 billion

Current total amount: 421 million

Top valuation of 10 billion yuan

Reason for optimism:

1. We have our own exchange and stable currency, and now we are competing in the LSD market. All sectors are developing well with good data.

2. Risk and return coefficient: medium to high in risk and medium to high in return

3. Valuation logic: Ranking first on the stable track, both the stable currency and LSD tracks will be popular in the next bull market, with a valuation of 10 billion yuan

Current total amount: 129 million

Top valuation of 10 billion yuan

Reason for optimism:

1. The storage sector is currently ranked second. Compared to FIL, which is ranked first, the circulation volume is sufficient, and the chips for unlocking and smashing the market in the later stage are much less. AR performed well in the bull market in 2021, and its business development is smooth.

2. Risk and return coefficient: medium to high in risk and medium to high in return

3. Valuation logic: The highest price in the 2021 bull market was $90, but the circulation data at that time cannot be found, and the total market value is unknown. However, referring to the market value of FIL in 2021 reaching 50 billion, the AR valuation for 2025 is set at 10 billion.

Current total amount: 154 million

Peak valuation: 3 billion

Reason for optimism:

1. This is a coin developed by OpenAI founder Sam Ultraman called Wordcoin, abbreviated as WLD. If you don't know OpenAI, you must have heard of Chatgpt, which is currently the world's top AI intelligence. The vision of the WLD project is to make digital currency a part of daily life and create the WEB3 application that may have the largest number of users. The optimism towards WLD is not blindly optimistic, but based on its innovative technology and unique market positioning. WorldCoin is conducting an extremely great social experiment, where AI changes the production relations and distribution patterns of the entire society.

2. Risk and return coefficient: medium to high in risk and medium to high in return

The above are some promising counterfeit currencies

It should be noted that there are uncertainties and risks in the cryptocurrency market. Investors should approach this market rationally and make decisions based on their own risk tolerance.