Argentina’s latest move is truly explosive—citizens can now pay taxes directly using Dogecoin. That’s right, the very DOGE once considered a “joke” has now become the first meme coin in the world to gain a national-level use case.

This is no small matter. People used to say cryptocurrencies were castles in the air, but when a country incorporates one into its tax system, the game changes. Dogecoin’s journey from a community meme tool to something that can handle real fiscal matters has been much shorter than many expected.

Market sentiment is already diverging. The domestic community is relatively conservative, setting a New Year’s target at $0.5; overseas, the tone is completely different, with calls for $2 mounting and even some aggressive voices eyeing a long-term target of $7.2. Why such a big gap? It might be related to expectations about how quickly the policy will be implemented, or perhaps differences in capital flows between regions are at play.

Elon Musk remains an unavoidable variable. In the past, a single tweet from him could send DOGE soaring by several percent—his “influencer” power is unmatched in the crypto world. Though he hasn’t mentioned DOGE much lately, he could spark a fire at any moment if he wants.

Interestingly, capital flows are becoming more nuanced. Overseas community sentiment is clearly heating up, and some smaller coins like PUPPIES are quietly drawing attention. Meanwhile, old competitors like SHIB and PEPE aren’t sitting idle—the competition in the meme coin sector never lacks for stories.

The question now is: how far can this policy-driven rally go? Will Argentina trigger other countries to follow suit? If more nations open up crypto tax payment channels, the market’s potential could be fully unleashed. But if this is just an isolated case, what happens when the hype dies down?

One thing is clear—this time, Dogecoin is no longer just a meme.