Investing in Dogecoin is showing signs of consolidation, with Bollinger Bands tightening, indicating a potential price squeeze. The current market sentiment index sits at 61 (greed zone), meaning traders are positioning for possible upward volatility if macro market confidence improves. Dogecoin was originally created as a joke, but in 2021, it achieved an eye-popping valuation of more than $90 billion. BNB Chain is among the busiest networks by daily active users, a useful proxy for demand for space on the blockchain and thus its gas fee-based burning. Furthermore, Binance itself remains one of the largest centralized exchanges (CEXes) by market share, which means it can add large numbers of newcomers and continue to expand the business. A larger, more active exchange increases demand for BNB. Investing in Dogecoin follows the broader capital rotation in crypto markets, as traders shift gains from higher-cap tokens into meme coins. This rotation could intensify DOGE demand, particularly if BTC dominance declines further.