According to news on November 27, Dogecoin’s market value has surpassed that of the car manufacturer Porsche, driven by Musk’s support and the possible launch of an exchange-traded product (ETP). According to data from Cointelegraph, as of 8:34 a.m. on November 27 (UTC time), DOGE’s market value has increased by more than 175% in the past month, reaching more than $57.8 billion, surpassing Porsche’s market value of $56.1 billion.