Dogecoin’s price increased as Elon Musk announced “Department of Government Efficiency”

Bitget App

Trade smarter

Cryptopolitan2024/10/16 16:39

By:By Noor Bazmi

Share link:In this post: The price of Dogecoin increased by 10% in the last 24 hours. Elon Musk has been actively supporting Trump in ongoing elections. Musk may head the “government efficiency commission” if Trump wins.

The price of Dogecoin increased by 10% in the last 24 hours. This could be because there is a constant discussion on Twitter regarding Musk’s bigger endorsement of the Shiba Inu coin in the future.

Elon Musk has been actively supporting Trump in ongoing elections. He also made big donations and endorsements for the Republican candidate. He has been talking about creating the Department of Government Efficiency in different talk shows. The name itself is abbreviated as D.O.G.E. The purpose of this department would be to make government spending more efficient.

Trump has also shared his inclination to make Musk head the “government efficiency commission” if he becomes the President for the second time.

There is a high expectation of influential traders that Trump’s victory is going to increase DOGE endorsements and bring in more interest in Dogecoin.

See also Trump's Defi project sold 344 million tokens in the first hour despite the site crashing

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!