Recently, the crypto assets market has once again stirred up waves, with DOGE becoming the focus. After two months of sideways consolidation, the price of DOGE started to rise rapidly on July 9th. After breaking through the key level of $0.20 from $0.19, it had climbed to $0.27 by July 23rd, achieving a 40% rise in a short period.

Behind this wave of rise, a large amount of funds pouring in has become the main driving force. The market generally shows a strong bullish sentiment, and investors are full of expectations for the future development of DOGE.

The DOGE ecosystem has also welcomed a significant upgrade. After the DogeChain 2.0 upgrade, it has achieved compatibility with the Ethereum Virtual Machine for the first time. This means that the DOGE ecosystem can now support DeFi applications, NFT issuance, and cross-chain bridging functionalities. Even more notably, the transaction speed has increased to 450 transactions per second, greatly enhancing the network's performance. This upgrade directly connects with the Ethereum ecosystem, bringing more possibilities for DOGE's application scenarios.

According to reports, the DOGE development team has collaborated with several well-known projects, including Uniswap and Chainlink. They plan to launch their first decentralized exchange in the second quarter, which will undoubtedly further promote the development of the DOGE ecosystem.

Market data shows that a large amount of funds has continuously flowed into the DOGE market in the past 48 hours. Large investors (commonly known as "whales") have collectively purchased 1.08 million DOGE, which may be one of the important drivers for this round of price pump.

Currently, the market focus is on the support level of $0.25. If it can stabilize and break through this level, then $0.33 and $0.4 will become the next target price levels. However, some analysts believe that $0.33 may only be an intermediate target, with the real challenge being to break through the $0.4 mark.

With the continuous improvement of the DOGE ecosystem and the sustained rise in market sentiment, we will closely monitor its subsequent development trends.