The new currency is attracting the attention of Dogecoin investors with a growth potential of 93 times

Dogecoin (DOGE) is attracting the attention of investors due to its significant growth potential after recent fluctuations. It is known that Dogecoin has increased by over 300% since the beginning of 2024, thanks to support from billionaire Elon Musk and his connection with President-elect Donald Trump, which has created positive expectations for this currency in the near future.

One of the key factors contributing to the price increase of Dogecoin is Elon Musk's appointment as the head of the Department of Government Performance (DOGE), which has stimulated price but also led to significant volatility. Future price forecasts for Dogecoin vary widely, with some analysts suggesting that Dogecoin could reach $30 by mid-2025 if historical bull cycles are repeated.

Additionally, Dogecoin is being seen as one of the notable "meme coins" in the context of other tokens also undergoing adjustments, making the crypto market quite volatile. Emerging projects, such as Crypto All-Stars (STARS), have also attracted the attention of major investors.