Dogecoin (DOGE) has recently surged, rising approximately 23% over the past week and pushing its market capitalization to $24 billion. This impressive performance has elevated Dogecoin to the 8th position among all cryptocurrencies worldwide. Outperforming many layer-one blockchain projects, Dogecoin’s rally is both a familiar and fascinating scenario for investors, especially given its lower utility profile relative to blockchain networks known for smart contract functionality. Dogecoin (DOGE) price analysis and price prediction In the previous bull run, Dogecoin saw explosive growth.