Dogecoin (DOGE) reached its highest value in over three years, ballooning to $0.4398 on Binance. The Shiba Inu-themed meme coin saw a significant 143.2% rise in the past week, outpacing Bitcoin. The rally was fueled by optimism for pro-crypto policies following Donald Trump's election win. The challenge now is for DOGE to sustain this momentum and attract long-term institutional interest. Elon Musk's endorsement of Dogecoin also contributed to the surge. However, there are structural challenges in the altcoin market, and questions remain about the sustainability of the DOGE rally. Canada-based Spirit Blockchain Capital aims to institutionalize Dogecoin's use case with exchange-traded products and payment gateways. Despite not reaching its all-time high, Dogecoin remains popular and is now the sixth-largest cryptocurrency by market cap.



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