Elon Musk's vision of becoming the world's first trillionaire has sparked speculations of a Dogecoin price boom.Dogecoin remains one of the best-performing memecoins, with a surge of 19% in the past week.Market participants are speculating a price target of $1.60 for DOGE.Investors should exercise caution as Open Interest has declined by 5.06% to $651.74 million.