Dogecoin (DOGE) is showing a 3.05% increase over the last 24 hours, trading at approximately $0.1219. This price rise is part of a broader trend of gains in the memecoin space, likely fueled by Bitcoin's strong performance, which has been pushing the overall market upward. DOGE has seen a 13.2% price increase over the past week, positioning it as one of the standout altcoins during this period​Cryptonews​CoinGecko.

The market sentiment around Dogecoin remains optimistic, with many speculating that further growth is possible if Bitcoin continues its upward trajectory. The potential influence of figures like Elon Musk could also drive renewed interest in DOGE, especially as the cryptocurrency approaches a predicted high of $0.30 by the end of 2024​Binance. However, like all cryptocurrencies, Dogecoin remains volatile, and investors should be mindful of the potential for corrections.

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