Driven by Musk's backing and the possibility of launching an exchange-traded product (ETP), Dogecoin has already surpassed carmaker Porsche. As of 8:34 a. m. on November 27 (UTC time), DOGE's market value has risen more than 175% in the past month, to more than $57.8 billion, surpassing Porsche's $56.1 billion, according to Cointelegraph.