Dogecoin’s recent 20% surge highlights how social sentiment, especially from influential figures like Musk, continues to drive price action in memecoins. While Doge started as a joke, its adoption in microtransactions, tipping, and some merchant integrations shows potential for practical utility beyond hype cycles. The real test will be sustained ecosystem development and scalability improvements to support broader use cases. If the community and developers maintain momentum, Doge could evolve into a lightweight, accessible payment layer, carving out a niche distinct from more complex cryptocurrencies.