Dogecoin DOGE's market value has reversed and surpassed Porsche, and the Musk effect is powerful again!

The market value of Dogecoin (DOGE) has surpassed Porsche! Yes, you heard it right. This cryptocurrency that was once regarded as a joke by everyone has now become a dark horse in the financial market.

Market value breakthrough, surpassing Porsche

According to Cointelegraph, the market value of Dogecoin has reached an astonishing* 57.8 billion US dollars, while the market value of the well-known automaker Porsche is 56.1 billion US dollars.

This historic moment not only highlights the strong momentum of Dogecoin, but also allows us to see the unlimited potential of the cryptocurrency market.

Dogecoin is inseparable from the continuous endorsement of Tesla CEO Elon Musk. Not only did he frequently mention Dogecoin on his social media, he also participated in the creation of the Department of Government Efficiency (DOGE), which undoubtedly further stimulated retail investors' interest in Dogecoin.

Dogecoin's performance in the past year has been impressive enough. Data shows that from November last year to November this year, the price of Dogecoin has risen by more than 395%, and in the past month alone, the increase has exceeded 175%. Such an increase has undoubtedly made investors crazy.

So, what kind of logic is hidden behind this wave of Dogecoin's rise? First of all, Musk's endorsement undoubtedly gave the market great confidence.

Secondly, as the cryptocurrency market gradually matures, more and more investors have begun to pay attention to and invest in this field. Finally, Dogecoin's decentralized characteristics and low threshold have also made it the first choice for many retail investors.

The previously deployed bonk, doge, and xrp have also doubled out.

The next layout direction is still to aim at the huge profit opportunities of MEME, especially those projects with great potential.

There are already two optimistic ones. Wait for the drop to ambush and double it. It is quite easy to double it! ! !

Don't be a headless fly and bump around everywhere. I hope to earn several times the profit in the bull market. Comment 111, follow my pace, eat big chunks of meat, and enjoy the bull market dividends together!