2026-01-20 04:33:41

Without a big shot backing DOGE, can it still replicate the miracle of 2021?

Dogecoin has been popular for so many years, and now it’s the big brother of the memecoin market—highest market cap, longest existence. No one can shake this position.

When it comes to memecoins, many people’s first reaction is "this thing has no value." Indeed, most trash coins get cut in half immediately after launch, go to zero right away—nothing surprising there. But look closely at DOGE—this thing has been around for years, not only alive but firmly holding the top spot in the sector. This alone shows it has value—at least it can be exchanged for money, has practical use cases, can be used on Reddit and Twitter to tip creators, and some merchants even accept it for payments.

Coins with such strong vitality are not easy to make disappear. And as the biggest memecoin, it naturally carries the halo of a leader. Whenever the trend of copycats emerges, DOGE will still rise along with it. But don’t expect a rocket-like surge like in 2021, because back then there was a top-tier influencer effect. Now, without figures of the same level shouting buy, the gains will be more rational.

But on the other hand, what if in the future, a heavyweight figure really comes out to endorse it? The effect might be even better. And don’t underestimate DOGE’s current number of holders— the larger the volume and the broader the consensus, the harder it is to manipulate. Look at gold—bigger volume, more owners, and it still rises. More holders actually indicate a strong "consensus," which can transcend time cycles and drive market cap growth. In contrast, coins held entirely by whales may be easy to pump but also quick to dump, and can’t withstand the wind.

The ones that truly survive are those with the strongest consensus. So I see DOGE as "the Bitcoin of the memecoin world"—similar mechanism, linked to the overall market, and its gains won’t fall behind. If someone else comes out to "set the rhythm," DOGE’s story might still have new surprises.

What do you think?

DOGE-1,74%

BTC-1,92%

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ser_ngmi

· 9h ago

Basically, it's just waiting for the right moment, and without a big shot calling the shots, it's really not interesting.

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MEVSupportGroup

· 9h ago

Honestly, without the hype from the big players, it’s really boring, but the consensus around DOGE is right there—this is hardcore. Relying solely on the status of the old brother won’t last long; we also need real-world applications. Are there any now? Wait a minute, if Elon Musk tweets again someday, this situation will flip again. I just think that wave in 2021 was too crazy. Now, who still believes memecoin can take off like a rocket? Dream on, everyone. Strong consensus is indeed powerful, but the premise is that someone is carrying the torch; otherwise, even the strongest consensus has to follow the market trend. DOGE is just a gambling game. If someone calls the shots, it’s good; if no one does, it’s over. Don’t blow the consensus into something sacred. I agree with this logic, but the analogy of "memecoin as Bitcoin" is a bit over the top. BTC and Dogecoin are fundamentally not the same.

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CryptoPhoenix

· 9h ago

Remember, lacking top-tier endorsement ≠ lacking value. DOGE's consensus itself is the strongest platform.

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PriceOracleFairy

· 10h ago

ngl the consensus narrative here is lowkey compelling... but that "memecoin's bitcoin" framing? feels like cope tbh. doge pumped bc of musk's twitter circus, not bc of some magical hodler distribution. correlation ≠ causation & all that.

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rekt_but_not_broke

· 10h ago

Basically, we're just waiting for the big shots to come out and set the tone. No matter how much hype there is, coins without anyone calling the shots are just empty talk.

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FortuneTeller42

· 10h ago

Well... to put it simply, waiting for the big shots. Without the big shots, why would DOGE fly? There are still long-term holders; after all, surviving all these years shows there's some value. But that wave in 2021 really won't come back; the opportunity only comes once. Consensus is strong, but the market still relies on the "personality effect." Honestly, now that more people are holding coins, it's easier to cause a sell-off.

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