Dogecoin (DOGE) is very popular thanks to the support of influential figures like Elon Musk and its increasing use in micropayments. It is currently priced at $0.12, with a promising outlook based on the media hype and continued adoption. Despite the volatility, the coin could benefit from a new bull run as the end of 2024 approaches. I see the price exceeding $0.70 if the positive momentum continues and new investors enter the market. However, investing in it remains risky due to its reliance on social trends and speculation.
