Dogecoin (DOGE) is currently priced $0.24 shy of its all-time high after reaching $0.48 over the weekend.
This surge in value is attributed to recent comments and social media teasings by Elon Musk, who has a strong influence on the cryptocurrency's market performance.
Several analysts are optimistic that Dogecoin could not only break its 2021 high but also potentially hit a price of $2.80 by December of this year.
Source: cryptonews.com ↗