Dogecoin surged 21% in a week, reaching $0.38, driven by whale purchases exceeding 1 billion DOGE and analysts predicting a rise to $1 by 2025. January has historically been strong for DOGE, with open interest increasing over 50% recently, indicating heightened investor activity. Additionally, the announcement of a new government agency, DOGE, led by Elon Musk, has further fueled interest in the cryptocurrency, while Spirit Blockchain Capital plans to utilize its DOGE holdings for yield farming, enhancing its appeal in the market.