Original Author: Deep Tide TechFlow

BTC is nearing a breakthrough, and the ones suffering the most might be the secondary players who have been waiting for the altcoin market, with "following the drop but not the rise" being a true reflection of the secondary market in recent days.

However, while the exchange market is quite torturous, the on-chain market remains rich, and various themes and angles have not stopped gaining momentum.

Over here, the trend of Cult coin has not completely dissipated, and the Musk concept that recently swept through the ETH mainnet is stirring again. Some concept sectors, after a period of accumulation, have begun to rally once more.

The concept we are discussing today is the "D.O.G.E" that Musk has mentioned multiple times on Twitter recently. Is this another "dog" concept coin? Let's explore through this article what this concept is all about and what participation methods are available.

This "D.O.G.E" is not the same as "$DOGE"

At first glance, D.O.G.E seems to be a rehash of Musk's beloved Dogecoin $DOGE, with the only difference being a few separators. However, apart from the similar spelling, D.O.G.E has no conceptual (or angle) connection to Dogecoin.

D.O.G.E stands for Department Of Government Efficiency, which refers to a planning idea about government departments that Musk mentioned during an online conversation with Trump on August 13. In the discussion, Musk stated, "I think we need a government efficiency committee to examine where we are spending money wisely and where we are not."

A few days after first mentioning this concept, on August 20, Musk posted an AI-generated image on his Twitter account, labeled "Department Of Government Efficiency," with the caption "I am willing to serve."

At this time, D.O.G.E was just emerging, with relatively poor liquidity in the on-chain market, and attention was more focused on the TRON chain and the Black Wukong narrative. The market may not have given much attention to this concept, and the related concept coins were basically fleeting, with very short lifespans.

However, it wasn't long before this concept was mentioned again by Musk: on September 7, Musk posted an AI image featuring the "D.O.G.E" characters on his Twitter account, captioned "Department Of Government Efficiency," and pinned this tweet. At that time, it was the period when the heat on the ETH mainnet was reigniting, and market attention was focused on this, leading to a resurgence of previously launched but silent related concept coins, along with many coins sharing the same name.

Wrong angle, all in vain

Through sorting, it is evident that D.O.G.E completely belongs to the "election" concept, rather than the "cat and dog" concept. Each time Musk mentions D.O.G.E on Twitter, the market often misinterprets this information, leading to misunderstandings: after Musk's tweet related to D.O.G.E on September 28, many secondary players who were not familiar with the "angle" charm of the on-chain market thought this was a hint towards Dogecoin, and thus directly bought $DOGE, resulting in silent tears and losses.

Li Kui or Li Gui, a showcase of diverse angles

Of course, with the emergence of the D.O.G.E concept, it wasn't just the secondary players who loved $DOGE that got it wrong; the primary on-chain market also has its own "diversity." The angle dispute has also spread here, but this time the dispute over names is not limited to uppercase and lowercase letters, but also the correctness of punctuation: you buy the uppercase, I buy the lowercase; you rush for three points of D.O.G.E, I rush for four points of D.O.G.E.; each plays their own game, and taking over for you? That's impossible! The same concept has spawned no less than ten coins with the same name, and after layers of screening, Deep Tide has listed a few D.O.G.E concept coins that still have liquidity and some heat.

Note: Meme token prices are highly volatile and carry significant risks. Investors should fully assess risks and participate cautiously. This article is merely a sharing of information based on market trends, and the author and platform do not guarantee the completeness or accuracy of the content. Additionally, this article does not constitute any investment advice.

1. $DOGE: The most popular and largest in scale, but the name is a bit off

Contract Address:

0x1121acc14c63f3c872bfca497d10926a6098aac5

24H Trading Volume: $4.4 million

Current Market Value: $26.7 million

Highest Market Value: $31.9 million

$DOGE was launched on August 20, which is the token that was mentioned earlier as fleeting but then revived. After three ups and downs, its market value has surged, and the community is relatively active, currently having some support at an $8 million market value. This token's market value and community size are the largest in its category, but the token name lacks punctuation, making it look like a knockoff of Dogecoin, which is a point of criticism.

2. $D.O.G.E: The name is correct, but has the conspiracy group left?

Contract Address:

0x46fdcddfad7c72a621e8298d231033cc00e067c6

24H Trading Volume: $264,000

Current Market Value: $600,000

Highest Market Value: $4.5 million

This $D.O.G.E was launched in September, right after Musk pinned the D.O.G.E concept tweet. It gives off a slight "conspiracy group" vibe. As a latecomer, it experienced extreme turmoil within three days of launch: "explosive rise - tenfold crash - another rise - another drop," until the wallet address that was sniping sold all its chips, and the coin price gradually stabilized. Currently, it ranks second in heat within the D.O.G.E concept, with a market value fluctuating between $400k and $900k. Its downside is that the chips are relatively dispersed and trading volume is small, with consensus not yet solidified, and PvP phenomena are somewhat severe, leading to large price fluctuations.

3. $D.O.G.E: Same name as the second player but created earlier, with average heat

Contract Address:

0xbb376e82b796ec9d5ba68b10b33f79cbe612dc07

24H Trading Volume: $11,600

Current Market Value: $144,000

Highest Market Value: $798,000

Sharing the same name as the previous token, its advantage lies in its earlier creation date (those who like OG concepts are in luck). However, it seems that its market value and trading heat are relatively poor, and the community is inactive, performing average within the same concept.

4. $D.O.G.E.: Four points, a particularly angled name

Contract Address:

0x0ccf34d2233e5c203b7047aa57be82eea985d128

24H Trading Volume: $525,000

Current Market Value: $400,000

Highest Market Value: $712,000

Unlike other tokens, this $D.O.G.E. has four points and no duplicate tokens, with a clear upward trend recently. Its downside is also that the trading volume is too small, and the community is not very active.

Summary

The D.O.G.E concept is completely unrelated to Dogecoin, but it happens to be almost identical in name to Musk's own Dogecoin. Does Musk really not know the impact his mention of this concept would have on DOGE or crypto players?

However, whether it is coincidence or intentional may not be important; which ticket can rally the market is perhaps what everyone truly cares about.

As market participants, it is essential to keep a keen eye on any market hotspots and not to blindly get carried away~

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