Dogecoin experienced a significant resurgence in 2024, reaching a three-year high of $0.48 in early December, driven by positive sentiments from President-elect Donald Trump and Elon Musk. The cryptocurrency's price surge was influenced by Trump's election victory and Musk's references to Dogecoin on social media, alongside the announcement of the Department of Government Efficiency (DOGE), an initiative led by Musk and Vivek Ramaswamy. Despite facing technical challenges, including an alleged attack on its network, Dogecoin maintained momentum into 2025, with potential for new exchange-traded funds (ETFs) based on the cryptocurrency being considered by firms like Grayscale and Valour.