The recent significant increase in the price of Dogecoin has been driven by a number of factors. First, there has been a general revival of enthusiasm for cryptocurrencies and, in particular, a surge in discussion of the currency on social media. Secondly, the positive support of the dog coin community and the favor of some celebrities and enterprises have also intensified its demand. A pick-up in overall market conditions and a surge in speculative sentiment have pushed up the price of dog coins.$DOGE