Dogecoin was very popular last week, rising almost 6%, performing better than Bitcoin and Ethereum.

Why is Dogecoin doing so well? Mainly because it has been widely discussed on social media, and many people are speculating about its future, which has driven Dogecoin's rise.

Look, while big players like Bitcoin and Ethereum are stable, they haven't risen as much. This surge in Dogecoin seems to indicate that meme coins, which thrive on social media and online communities, might become popular again.

Dogecoin's price this week has been like a roller coaster, jumping to $0.17 and then dropping back to $0.15. In the first few days, everyone was buying aggressively, and the trading volume was astonishing, but it gradually calmed down afterward.

Compared to Bitcoin and Ethereum, Dogecoin truly stole the spotlight this week. Its price fluctuated, but overall it rose more than other coins.

Additionally, there has been a lot of discussion about Dogecoin on social media. Starting from October 29, people began talking about it crazily, and by October 31, it was at its peak, with Dogecoin's price rising accordingly. It seems that a lot of online discussions can genuinely drive up the value of an asset.

There might also be credit to Elon Musk, who recently mentioned that X could become a major player in the financial world. Musk has always been supportive of Dogecoin, frequently speaking out for it, so his comments might have helped boost Dogecoin's popularity this time.

Currently, Bitcoin is in a state of decline, and the upcoming U.S. elections and Federal Reserve interest rate cuts signal a significant turning point for the market. In this situation, it's the best time to invest in promising altcoins! I have carefully planned a coin that could potentially yield 2-3 times in the short term and 5-10 times in the long term.