Recently, Elon Musk's continued attention to DOGE has sparked a new round of market reflection. Looking back to the end of 2020, the price of DOGE was only $0.004, but then it soared to a historic high of $0.73 in a short period of time. Although the price has since retraced, many investors still have expectations for it to break the $1 barrier.

Elon Musk's influence is undoubtedly a key factor driving the price fluctuations of DOGE. If Tesla starts accepting DOGE as payment, or if the X platform integrates a cryptocurrency tipping feature, it could serve as a catalyst for the rise in DOGE's price. Additionally, news about Grayscale's application for a DOGE ETF and Musk potentially entering the political arena has also brought new imagination to DOGE.

However, we must recognize that these potential benefits are primarily based on market sentiment and individual influence, rather than the technological innovation or practical application of DOGE itself. The high volatility of the cryptocurrency market means that opportunities and risks coexist. Therefore, investors should maintain rational judgment when participating, reasonably control the scale of investment, and avoid betting all their funds on a single asset or narrative.

In this rapidly changing cryptocurrency world, it is crucial to stay vigilant and flexible. Although the future development of DOGE is promising, we must also always remember the uncertainty of the market and manage risks appropriately.