Dogecoin has surged past Porsche in market capitalization, reaching $57.8 billion compared to Porsche's $56.1 billion. This leap is fueled by Elon Musk's endorsements and the buzz around a potential Dogecoin exchange-traded product (ETP). Musk's involvement in creating the Department of Government Efficiency (DOGE) has also sparked interest, as its acronym matches the memecoin's ticker. Valour's recent announcement of the first DOGE-based ETP has further boosted Dogecoin's appeal. With these developments, some traders anticipate a significant rally for the cryptocurrency.