From a joke to a belief, the five-year surge of Dogecoin has been truly outrageous—an explosive 3380% increase, with a story more exciting than any script.

Looking back, the 2021 rally was simply a dream. One influential figure's words could send it soaring, and DOGE shot up to $0.73, causing the entire market to go crazy. When the bear market arrived, everyone said it was a bubble, and the price fell back to $0.05, with widespread pessimism.

The turning point came at the end of 2024. Without any revolutionary technology or practical applications, DOGE somehow came back to life. The revival of meme culture, influencer effects, and retail investor consensus—these invisible forces pushed the price back into the $0.15 to $0.48 range.

In plain terms, this kind of coin lives on traffic and memes. Lacking fundamental support, but with hardcore fans. Consensus determines the price, and sentiment drives the rise and fall. Will it continue to rise? It depends on whether the market is willing to have another round of frenzy. Will the meme season return? It all depends on how long this sentiment can last.