TechFlow reported on November 27 that, according to Cointelegraph, Dogecoin's market capitalization reached $57.8 billion, surpassing the $56.1 billion market cap of automaker Porsche, driven by ongoing endorsements from Elon Musk and anticipation surrounding the launch of the first DOGE ETP product.
Earlier report, Valour, a subsidiary of DeFi Technologies, announced the launch of the world's first DOGE ETP. Johanna Belitz, Head of Nordic Region at the company, stated that the move comes amid surging demand for Dogecoin fueled by the U.S. election outcome and the "Elon Musk effect."
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