DOGE just celebrated its 12th birthday, but the market hasn’t been very kind lately—it actually dropped 3% on its birthday, bucking the trend. But looking at it from another angle, the fact that a project that was considered a “joke” at its launch in 2013 can now firmly hold a spot in the global top ten cryptocurrencies by market cap is pretty magical in itself.

While the market is quiet, subtle changes are happening on-chain. Large addresses have been steadily accumulating, and this “smart money” is clearly positioning for the next cycle. Even more interesting, there are rumors of a suspected module for deeply integrated DOGE payments appearing in Tesla’s internal code. Combined with X platform’s XMoney developments, Musk—the “number one Dogecoin promoter”—could drop another bombshell at any time.

The tech crowd is also turning more optimistic lately. Some analysts have set target ranges of $0.75 to $1.3, while the more aggressive ones are even calling for $10. Meme coins have always been volatile, but as an old-timer, Dogecoin has already proven its resilience. Entering its 13th year, it just might come up with something new.