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Dogecoin rises above Porsche's market cap driven by DOGE ETP and Elon Musk

With the endorsement of billionaire Elon Musk and the potential of Dogecoin exchange-traded products (ETP), Dogecoin's market cap has surpassed that of luxury car manufacturer Porsche. The main credit goes to Musk, who has repeatedly made calls and established a government efficiency department named D-O-G-E, taking Dogecoin to new heights!

According to Cointelegraph, as of November 27, Coordinated Universal Time 8:34, Dogecoin has risen 178% in the past month, with a market cap reaching $57.7 billion, surpassing Porsche's $56.1 billion market cap.

In 2024, Dogecoin has maintained strong momentum, partly due to billionaire Elon Musk's continuous endorsement on social media. Musk recently helped establish the new 'Government Efficiency Department' (DOGE), aimed at cutting government spending and streamlining regulations, further stimulating public interest. A market cap of $80 billion is expected by 2025! The ongoing support from Musk's pet Marvin also shows great potential for future growth! Worth keeping an eye on! #山寨季來了？ #XRP解锁新趋势 #山寨币走势展望 #Marvin #doge⚡ $BTC $ETH $SHIB