"All in Doge" refers to fully investing in Dogecoin. The underlying investment logic is influenced by multiple factors. Here is a detailed analysis:

Market Sentiment
Dogecoin was originally created as a joke cryptocurrency, but its adorable Shiba Inu image and friendly community atmosphere attracted a large fan base. Many investors were influenced by social media and celebrity effects to go all in on Dogecoin. For example, Elon Musk often mentions Dogecoin on social media, and his comments tend to cause significant price fluctuations. On August 1, 2025, during a market crash, Dogecoin's price dropped by as much as 9.49%, but when rumors spread that a Dogecoin ETF was approved, its price showed a good upward trend17.

Potential for High Returns
The high volatility of the cryptocurrency market offers investors the possibility of high returns. Some investors believe that Dogecoin's market cap is relatively low, with a small price base, so if market conditions improve, there is significant room for price increases. For instance, during certain bull markets in the crypto space, Dogecoin's price surged sharply in a short period, allowing early investors to earn substantial returns. This also attracted more investors to join in, hoping to replicate such high gains17.

Investment Strategies and Herd Mentality
Some investors may base their decision to go all in on Dogecoin on their own investment strategies, believing that Dogecoin's trend will meet their expectations. Others are influenced by seeing many people around them or in the market investing in Dogecoin, driven by herd mentality and fear of missing out on profit, leading them to invest fully as well. In some crypto investment groups, when someone shares their gains from Dogecoin investments, it often triggers more members to pay attention and follow suit11.

However, investing in Dogecoin also involves many risks. Its price is highly volatile, and its value is unstable. Investors should carefully consider and conduct thorough research and risk assessments before investing. #AllinDoge