Core Insights - Dogecoin, initially a meme coin, is undergoing potential changes that may enhance its investment appeal and cultural relevance [1] Group 1: Current State of Dogecoin - Dogecoin's supply schedule is stable and predictably inflationary, with 5 billion new coins minted annually, leading to an overall inflation rate that decreases as total supply increases; currently, there are around 151 billion DOGE in circulation [4] - There is no built-in coin burning mechanism, which means the supply situation is unlikely to improve without new mechanisms being added to the protocol [4] Group 2: Future Developments - Discussions within the Dogecoin developer community are focused on enabling Dogecoin nodes to verify zero-knowledge (ZK) proofs, which could facilitate the creation of layer-2 networks and off-chain virtual machines [6] - If proposals for smart contract functionality are approved, it would significantly expand Dogecoin's capabilities and value generation opportunities for holders [8] Group 3: Demand Projections - Dogecoin is expected to experience increased demand in the coming years, driven by expansion proposals and the introduction of new ETFs that may tighten supply [7]