Dogecoin has surged by nearly 38% in the past 24 hours, reaching a year-to-date high of $0.44.The rally is fueled by market optimism and Elon Musk's association with the cryptocurrency.Retail interest in Dogecoin is increasing, with a significant rise in new wallets holding DOGE.Institutional players are also showing engagement with Dogecoin, signaling growing recognition of the asset.