Dogecoin has been gaining momentum recently, with its value rising by 50% over the past month. It now holds a market capitalisation of $38 billion, placing it in 8th position among cryptocurrencies. Much of this growth is fueled by strong community backing and continued interest from Elon Musk.
Some analysts believe that if the bullish trend continues, Dogecoin could climb to somewhere between $0.33 and $1. Still, it's worth keeping in mind that its price is highly volatile and often driven by market sentiment and hype.
