Dogecoin's position in the market was recently endangered by a few events, but it was able to stay afloat.

There were reports a few weeks ago that Tesla was looking for someone to replace Doge Father, also known as Elon Musk. Musk's increasing political activity worried Tesla's board. Later, the business refuted the allegations that Musk will be replaced.

The price of DOGE remained stable during this back and forth, even making some gains. This optimistic attitude persisted, giving rise to the memecoin's present price forecast.