The original meme cryptocurrency, Dogecoin (DOGE), is a highly efficient asset with the highest performance in the past few days. This meme coin has been condemned for its sluggish price fluctuations over the past few years, but DOGE has been seen self-rejuvenating with its latest performance. However, the community remains weary due to the volatile nature of the market that can affect the asset's price.

Looking at the surge of Dogecoin

Dogecoin has witnessed an 85% spike in the past week. This increase is linked to Donald Trump's victory in the U.S. presidential election. Elon Musk's involvement in Trump's campaign has reignited interest in Dogecoin. Musk is launching the "Government Efficiency Department" (DOGE), an initiative aimed at cutting waste and streamlining the operations of the U.S. government.

The OG meme coin surged to a high of $0.43858 from a low of $0.28259. At the time of the press report, Dogecoin is trading at $0.391397, after a 32% increase in the past 24 hours.

Additionally, Dogecoin's daily trading volume has seen a three-digit increase. The 24-hour trading volume of this meme coin reached $18.78 billion after soaring 164%. Is $0.5 USD next?

The world's first meme coin was introduced to the market as a joke. But DOGE has provided significant returns for investors. Dogecoin still remains down 60% from its all-time high of $0.7376 despite the recent price increase.

$DOGE $NEIRO $FLOKI