Dogecoin

Department Of Government Efficiency (DOGE)

Elon Musk

An Elon Musk tweet fired up meme coin Dogecoin (DOGE) and sent the Department of Government Efficiency (DOGE) soaring, making the original DOGE the best-performing major meme coin before profit taking set in.
Elon Musk has a well-documented history of influencing meme coin prices with his tweets and on Oct. 15 he was at it again, this time tweeting that “D.O.G.E will fix it” in response to news that California officials had rejected more SpaceX rocket launches.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 D.O.G.E will fix it 🪓
 — Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1846145126868926818?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 15, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Musk was referring to Donald Trump’s plan to put him in charge of a Department of Government Efficiency if he retakes the White House after next month’s presidential election.
<h2 id="dogecoin-was-top-gainer-among-major-meme-coins-after-musk-tweet">Dogecoin Was Top Gainer Among Major Meme Coins After Musk Tweet</h2>
The Department of Government Efficiency meme coin went parabolic after the tweet, <a href="https://www.coingecko.com/en/coins/department-of-government-efficiency" rel="noopener noreferrer nofollow">surging a maximum 196%</a> before falling back. It is down 3.2% as of 10.21 a.m. ET.
The <a href="https://insidebitcoins.com/news/dogecoin-price-prediction-doge-pumps-7-after-elon-musk-tweet-as-this-vote-to-earn-meme-coin-charges-towards-1-million-in-presale" rel="noopener noreferrer nofollow">Dogecoin price</a> surged almost <a href="https://www.geckoterminal.com/eth/pools/0xfcd13ea0b906f2f87229650b8d93a51b2e839ebd" rel="noopener noreferrer nofollow">18% to $0.1299</a> in the 24 hours following Musk’s tweet, making it the best-performing crypto asset among the biggest meme coins by market cap. It’s since pared gains and is down more than 4%.
<img decoding="async" class="aligncenter wp-image-588373 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/10/DOGEGOVUSDT_2024-10-17_12-53-40.png" alt="DOGE and D.O.G.E" width="1438" height="881" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/DOGEGOVUSDT_2024-10-17_12-53-40.png 1438w, https://insidebitcoins.com/wp-content/uploads/2024/10/DOGEGOVUSDT_2024-10-17_12-53-40-300x184.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/DOGEGOVUSDT_2024-10-17_12-53-40-1024x627.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/DOGEGOVUSDT_2024-10-17_12-53-40-768x471.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/DOGEGOVUSDT_2024-10-17_12-53-40-310x191.png 310w" sizes="(max-width: 1438px) 100vw, 1438px">
<h2 id="b-next-meme-coin-to-explode-b">Next Meme Coin To Explode?</h2>
Investors looking for the next meme coin gem like Dogecoin often turn to presales, where right now it’s a Pepe (PEPE) derivative that is going parabolic in terms of funds raised. 
<a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a> blasted past the $20 million milestone earlier today as investors pile into a project that promises to bring a modern version of the PEPE meme coin to the market, complete with its own Layer 2 blockchain.
The idea behind PEPU is that it will liberate PEPE from the limitations of its old, clunky, Layer 1 blockchain on Ethereum.
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Elon Musk Tweet Fuels Dogecoin Surge, Sends Department Of Government Efficiency (DOGE) Meme Coin Soaring

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