Dogecoin’s value surged by nearly 45% to US$0.4037 in the past 24 hours.

This increase follows a 145% rise since the 2024 United States presidential election.

Dogecoin has outpaced major cryptocurrencies during this period. While bitcoin increased by 30.5% and ethereum rose by 40%, dogecoin has been influenced by positive market sentiment and notable endorsements.

Market analysts have observed that dogecoin’s recent performance is linked to its associations during the US election.