Dogecoin (DOGE) has been performing notably in November 2024, showing significant price surges influenced by market sentiment and external factors. Currently priced around $0.21-$0.33, the cryptocurrency has seen over 150% growth in recent months. This resurgence is partly driven by the broader crypto market recovery, social media hype, and endorsements from influential figures like Elon Musk. Additionally, the upcoming U.S. presidential election is seen as a potential catalyst for further gains​​​​​​.

Analysts are divided on its future prospects. Some suggest Dogecoin could break its all-time high of $0.73 from 2021 if momentum continues, while others highlight its inherent volatility and lack of utility as limiting factors. Predictions for 2025 vary widely, with some forecasting potential highs near $1, depending on broader adoption and market trends​​​​.