Dogecoin (DOGE) has seen a significant surge in price, rising by 48% over the past 24 hours. This has renewed speculation about DOGE reaching a price target of $1. The rally has led to over $68 million in losses for traders on DOGE-tracked futures. The recent price increase has been influenced by Elon Musk's endorsement of the meme cryptocurrency, as well as expectations of increased mainstream media and retail trading attention. Traders have long anticipated DOGE reaching the $1 mark, which holds psychological appeal and has been the subject of memes in the past.



Other News from Today