For those who believe in Dogecoin’s long-term potential, holding onto the coin could be a wise strategy. With the growing anticipation that Dogecoin may surpass the $1 mark, the current price could present an attractive entry point for long-term holders.

Dogecoin, the meme cryptocurrency often associated with Elon Musk, soared in value after President-elect Donald Trump greenlit the tech billionaire's ideas for a new executive department by a similar name.