A friend asked me about this privately, so let me explain it in plain English.
In 2021, dog-themed tokens like Dogecoin and SHIB surged one after another, and are often seen as emblematic of a Meme boom.
Meme booms often happen when market risk appetite is high, and speculative money is more willing to chase volatile assets.
$DOGE is often considered representative of the Meme sector.
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#DOGE