Some analysts foresee a more than 1,000% Dogecoin price increase based on emerging technical chart patterns.
Dogecoin has surpassed the market capitalization of luxury automaker Porsche, driven by endorsements from Elon Musk and the potential launch of an exchange-traded product (ETP) for the memecoin.
Dogecoin (DOGE) has risen 175% during the past month to a $57.8 billion market capitalization, surpassing Porsche’s $56.1 billion market cap, as of 8:34 am UTC on Nov. 27, Cointelegraph data showed.
DOGE/USD 1-month chart. Source: Cointelegraph
