Moreover, an optimistic prediction from analyst TradingShot emphasizes that Dogecoin has successfully concluded a phase of accumulating assets, a vital precursor to potential surges in price. It seems that this phase has received backing from miners, who have procured approximately $25 million worth of DOGE in the past two months. Furthermore, the renowned entrepreneur Elon Musk has declared DOGE as the official mascot for his recently established Department of Government Efficiency.