Dogecoin has experienced a significant surge, surpassing the market capitalization of Porsche, driven largely by endorsements from Elon Musk and the recent filing for an exchange-traded product (ETP) related to the memecoin. As of November 27, Dogecoin's market cap reached over $57.8 billion, compared to Porsche's $56.1 billion. In the past month, Dogecoin's price has risen over 175%, fueled by continued social media support from Musk and the launch of the Valour DOGE ETP. This momentum has led some analysts to predict a potential increase of over 1,000% based on technical chart patterns, specifically referencing movements within a Gaussian channel. The recent announcement of a new agency that shares the acronym 'DOGE' has also sparked interest among retail investors, further solidifying Dogecoin's buzz in the market. Despite a sharp decline in Porsche's valuation since April 2023, Dogecoin continues to benefit from its popularity and strategic endorsements.

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