Elon Musk's Plans for "Department of Government Efficiency" Boost Dogecoin Price by 7%
Elon Musk's discussion of a proposed "Department of Government Efficiency" (D.O.G.E) caused a 7% increase in the price of Dogecoin, pushing it above 13 cents for the first time since late July. This has led to increased interest and speculative trading in DOGE due to Musk's backing of Trump and the potential political implications of D.O.G.E. The surge in Dogecoin's price occurred after Musk revealed his plans for the department at a town hall in Pennsylvania. The event also encouraged early voting in the state, where Republicans and Democrats are in a deadlock.
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