Dogecoin Surges in Popularity With Traders Betting on $1 Valuation Despite Questions Over Viability

Dogecoin (DOGE) is gaining attention from traders, community, and analysts forecasting it could reach $1 by mid-April
DOGE originated as a joke based on the "Doge" meme but has grown into a widely used digital currency with an active community
2021 was a breakout year for DOGE with high-profile endorsements and real-world use cases like payments for Tesla and the Dallas Mavericks
DOGE is highly volatile, with its valuation and future viability debated given modest developer activity
Despite doubts over its future, DOGE has mainstream recognition and a vibrant community supporting its growth