All these factors apply to Dogecoin and can help us determine whether the coin’s price will keep rising this year. However, Dogecoin has other unique factors that have significantly helped in its growth. Dogecoin’s price rose by 50 on 4 February shortly after Musk, the chief executive of Tesla and the world’s richest person, tweeted that “Dogecoin is the people’s crypto”. Clearly investing in DOGE one year ago would be worth it today, but thatrsquo;s hindsight. How about at its current value? Herersquo;s what InvestorPlacersquo;s Thomas Yeung said about jumping in on Dogecoin when the price was at 17 cents per token yesterday. It wasn’t long before the rebellious horde of stock pumpers started to look for the next cool thing to pump, and dogecoin, being a decentralized cryptocurrency with a strong presence in internet pop culture, was an obvious choice. Within 24 hours, doge’s price surged 142 and later soared by another 200 after Musk joined the fray, sharing a satirical image of “Dogue” magazine to his 54 bitcoin casino sites million Twitter followers.