Renowned for its active community and fun appearance, dogecoin has taken the front stage once more. With many investors aiming at the elusive $1 target, the latest 30.5% price surge has given the DOGE community hope once more. As of today, Dogecoin has a market value of 0.1456 USD and a daily trading volume of about 2 billion dollars. Although DOGE has dropped 80.5% from its historic high of 0.7 USD back in 2021, it still enjoys considerable attention. Elon Musk’s fresh gift efforts have contributed to reviving the DOGE movement, hence the elements underlying this optimistic trend include fresh interest from him. With one of the most powerful Internet entrepreneurs backing Dogecoin and such a huge fanbase, its momentum could keep growing as the market enters a new meme coin frenzy. Should DOGE keep this pace, reaching the $1 milestone is not out of the reach.
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