DOGE Surges 2.77% on Binance as Elon Musk Buzz and $0.50 Forecast Fuel Trading Frenzy

Dogecoin (DOGE) is currently trading at $0.17769 on Binance, reflecting a 2.77% increase over the past 24 hours from a 24h open of $0.17290. The recent price uptick is primarily attributed to renewed market optimism following continued social media attention from Elon Musk and positive sentiment around potential future rallies, as highlighted by Santiment. Additionally, speculative forecasts, such as ChatGPT’s projection of DOGE reaching $0.50 by year-end, have contributed to increased trading activity and investor interest. Despite the U.S. SEC’s postponement of a decision on a spot DOGE ETF, which introduced some uncertainty, overall market momentum and profit-taking trends across major cryptocurrencies have influenced short-term volatility. Dogecoin maintains strong trading volumes (24h volume between $1.33B and $1.98B) and a market capitalization around $21.6B–$21.74B, ranking it among the top 10 cryptocurrencies, with robust community engagement and a positive 7-day performance of +15.6%.