Dogecoin has recently become popular again. A photo combined with government agency abbreviations is a coincidence, and the community has started to spread various price predictions and consumption scenarios. Some are calling $2 as the bottom, $7.2 as the target, and even listing plans to buy mansions and supercars. But having been in the crypto world for many years, witnessing numerous bull and bear cycles, I have to pour some cold water.

Let's first look at Musk's approach. His support for Dogecoin is essentially a precise symbolic game. When sharing federal agency layoffs data, he deliberately used puns, instantly mixing politics and cryptocurrency, causing the market to imagine all kinds of possibilities. It’s quite clever, using minimal effort to generate maximum attention.

The problem is, this tactic is losing effectiveness. In 2021, a single tweet from him could boost Dogecoin by 50%. Now, with the same operation, the price response is noticeably less intense. Investors are beginning to develop immunity, realizing that celebrity endorsement alone is far from enough; real application scenarios are necessary to support the value. Unless he actually integrates Dogecoin into payment systems or platform tipping features, it will be difficult to break through the current ceiling.

As for the idea of "Dogecoin buying luxury goods"