On November 27th, driven by Musk's support and the possible launch of an exchange-traded product (ETP), Dogecoin's market value has surpassed that of automaker Porsche. According to data from Cointelegraph, as of 8:34 a.m. UTC on November 27, DOGE's market cap has risen more than 175 percent in the past month to more than $57.80 billion, surpassing Porsche's $56.10 billion market cap.