$USDC

Dogecoin, one of the best-performing meme coins, is making an optimistic return. The coin has risen to the key psychological level of $0.40 amid a broader market recovery. With Bitcoin aiming for a recovery of the $94,000 mark this week, Dogecoin is poised for more gains.

As the underlying dynamics shift amid broader market volatility, investors have begun to wonder: "Will Dogecoin reach $1?"