Dogecoin market cap beats Porsche as momentum grows

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Some analysts foresee an over 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 popular memecoin.

Dogecoin rose over 175% during the past month to an over $57.8 billion market capitalization, surpassing Porsche’s $56.1 billion market cap, as of 8:34 am UTC on Nov. 27


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