Elon Musk's latest comments on Dogecoin have sparked significant interest in the cryptocurrency. He recently referred to himself as the "Doge Father" in a series of cryptic posts on X, which led to a 5% rally in Dogecoin's price . Musk's support for Dogecoin has been well-documented, and his involvement in Donald Trump's proposed "Department of Government Efficiency" (D.O.G.E.) has further fueled optimism among investors .

Musk's endorsement has contributed to Dogecoin's impressive gains, with the cryptocurrency surging 150% over the last month . Analysts predict that Dogecoin could reach $0.5, with potential targets of $0.7 and even $1 . The cryptocurrency's open interest has also hit an all-time high of $2.26 billion, indicating strong market confidence .

Some key points to consider:

- *Market Performance*: Dogecoin's price has surged 150% over the last month, with a current price of around $0.28 .

- *Elon Musk's Support*: Musk's endorsement has contributed significantly to Dogecoin's gains, with his "Doge Father" post sparking a 5% rally .

- *Future Predictions*: Analysts predict potential targets of $0.5, $0.7, and $1 .

- *Market Confidence*: Dogecoin's open interest has hit an all-time high of $2.26 billion .