Dogecoin's explosive growth phase may have already ended. Without large-scale practical applications—such as integration into X's payment system—a 100x increase in market cap to $1.8 trillion is considered unrealistic. Due to its unlimited supply, it currently faces annual selling pressure. Analysts believe a more realistic target for Dogecoin in this cycle is a 3 to 5x increase. Meanwhile, Bitcoin Layer 2 solution Bitcoin Hyper has raised $31.8 million, offering features such as fast transactions and 37% staking annual returns, aiming to unlock Bitcoin's utility.