As the originator of memecoin, Dogecoin (DOGE) started as a joke, but later gained the favor of famous people such as Elon Musk and gradually formed a loyal community. Dogecoin, which has experienced unexpected price gains due to hype and support on social media, remains a highly competitive player in the memecoin space. It has strong support from multiple exchanges and continues to be used in tipping and micropayment scenarios.

Factors driving Dogecoin’s price include Elon Musk’s outsized influence, enthusiastic community support, and Dogecoin’s integration into mainstream platforms, all of which could lead to significant growth. If market conditions are favorable for memecoin, Dogecoin is likely to break through its previous all-time high.

Potential milestones for Dogecoin include wider adoption of payment systems and partnerships with large platforms like Twitter, which could propel Dogecoin to new heights.