The article delves into Dogecoin's current market standing and its potential future performance, heavily influenced by Elon Musk's actions around the D.O.G.E. project.
Dogecoin's market cap has significantly increased, currently estimated at $60 billion. Despite this, it's still 48% below its all-time high, marking room for potential growth.
In the past two weeks, Dogecoin has surged by 98%. Observers are optimistic about the cryptocurrency's trajectory, suggesting it could reach as high as $2.4 in the long term.
However, the article does not shy away from considering possible declines, speculating that certain economic factors may affect the overall momentum needed to achieve this ambitious price target.