Dogecoin Price May Hit $0.5 As Elon Musk Refutes DOGE Lawsuit Concerns

Dogecoin price has been on the investors’ radar today with a surge of over 8%. Notably, the recent jump in DOGE value could be attributed to several factors including whale activity, growing institutional focus, and other related factors. Besides, Elon Musk has also refuted concerns over the recent lawsuits against Department of Government Efficiency (D.O.G.E.), which has further bolstered market sentiment.