The performance of Dogecoin (DOGE) has attracted attention recently, with its price breaking through the 0.225 USD mark. Investors generally expect it to challenge the important psychological level of 0.25 USD. Market observers point out that the recent global geopolitical tensions, coupled with the continuous influx of funds into Bitcoin ETFs, have brought new vitality to the encryption currency market.

On-chain data shows that the capital flow of large holders is frequent, which may indicate that institutional investors are gradually accumulating positions. Some analysts believe that this wave of rising prices may be related to Elon Musk's recent public appearances, as his words and actions often have a significant impact on the price of DOGE.

However, some market participants are cautious about the long-term value of DOGE. They believe that compared to other emerging encryption assets, DOGE may need more practical application scenarios to support its valuation.

Overall, the trend of DOGE is still full of variables. While investors focus on short-term price fluctuations, they should also closely monitor the overall development trend of the encryption market, as well as various factors that may affect the future direction of DOGE.