Dogecoin

Department Of Government Efficiency

Elon Musk

Dogecoin (DOGE) surged more than 8% in the last 24 hours after Elon Musk unveiled plans for a proposed “Department of Government Efficiency” (D.O.G.E),
The billionaire founder of SpaceX and <a href="https://insidebitcoins.com/news/tesla-moves-765m-bitcoin-to-unknown-wallets-raising-questions-about-elon-musks-crypto-strategy" rel="noopener noreferrer nofollow">Tesla</a>, speaking at a <a href="https://youtu.be/ax-mqV9wido?t=5821" rel="noopener noreferrer nofollow">Pennsylvania town hall</a>, shared his vision for the department, boosting DOGE’s price to $0.1343 as of 2:40 a.m. EST, its highest level since late July, according to CoinMarketCap.
The idea for the department was originally proposed by Donald Trump, who said he would appoint Musk to lead it if he wins next month’s presidential election
<img decoding="async" src="https://telegrafi.com/wp-content/uploads/2021/05/doge-hikayesi-devam-ediyor-elon-musk-tweet-atti-dogecoin-yuzde-80-yukseldi-1-e1616049750159.jpeg" alt="Elon Musk: Dogecoin could be the future - Telegraph - Telegraph">
<h2 id="span-style-font-weight-400-musk-outlines-plans-for-proposed-d-o-g-e-span">Musk Outlines Plans For Proposed D.O.G.E&nbsp;</h2>
The proposed governmental <a href="https://insidebitcoins.com/news/elon-musk-tweet-fuels-dogecoin-surge-sends-department-of-government-efficiency-doge-meme-coin-soaring" rel="noopener noreferrer nofollow">department</a>, abbreviated D.O.G.E., will aim to optimize government spending of taxpayer money. It will also try to streamline departments that handle spending.
During the town hall, the tech mogul suggested the proposed department could operate in the same way as a company, incentivizing the department’s top performers while penalizing anyone who fails to deliver results.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 as far as <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> betas go, i expect 'Department of Government Efficiency' (the ETH memecoin) to also catch a bid off strong Dogecoin performance
 especially since Elon is literally memeing the 'Department of Government Efficiency' concept every other day
 there seems to be a… <a href="https://t.co/ySDg8IsLqM" rel="noopener noreferrer nofollow">https://t.co/ySDg8IsLqM</a> <a href="https://t.co/V8boPiZeAE" rel="noopener noreferrer nofollow">pic.twitter.com/V8boPiZeAE</a>
 — Unipcs (aka 'Bonk Guy') 🎒 (@theunipcs) <a href="https://twitter.com/theunipcs/status/1847159163618471959?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 18, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="span-style-font-weight-400-only-popcat-outperformed-doge-span">Only POPCAT Outperformed DOGE&nbsp;</h2>
Dogecoin was also able to outperform almost the entire crypto market during the past 24 hours. Solana meme coin Popcat (POPCAT) was the only crypto to post a larger 24-hour gain than DOGE after its price rose over 13%. 
Dogecoin extended its weekly gain, and has now surged 24% over the last 7 days.
When it comes to the rest of the crypto market, the total valuation for the digital asset sector rose just a tad. But funding for some presale cryptos is surging amid debate over whether a meme coin supercycle is beginning.
Among standout performers is <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, probably the most successful ICO of the year after raising more than $20.4 million.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/pepe-unchained-shatters-20m-mark-in-presale-unveils-new-updates" rel="noopener noreferrer nofollow">Pepe Unchained Shatters $20M Mark In Presale, Unveils New Updates</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/donald-trumps-world-liberty-financial-token-sale-of-wlfi-falls-flat-amid-website-crashes" rel="noopener noreferrer nofollow">Donald Trump’s World Liberty Financial Token Sale Of WLFI Falls Flat Amid Website Crashes</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/turbo-price-prediction-will-turbo-recent-rally-push-it-to-a-1-billion-market-cap" rel="noopener noreferrer nofollow">Turbo Price Prediction – Will $TURBO Recent Rally Push It to a $1 Billion Market Cap?</a></li>
</ul>

DOGE Surges 8% After Elon Musk Unveils Details Of Department Of Government Efficiency (D.O.G.E)

Table of Contents

Inside Bitcoins

Other articles published on Oct 18, 2024

MAGA (TRUMP) Price Prediction: MAGA Up 159% in a Month and This Could be the Next PolitiFi Token ...

Dogecoin 30% Price Correction Imminent? Dogen Presale Offers a Hedge Against Market Volatility Wi...

Bitcoin Poised for Six-Figure Milestone, Says Bitwise CIO Matt Hougan

Fastest-Growing Crypto Presale Pepe Unchained Ends Soon – Could $PEPU Be The Next 10X Potential M...

What Drives Current Cryptocurrency Market Trends?

$287M liquidated: Here are the cryptos that have stayed resilient amid the market downturn

Join our free newsletter for daily crypto updates!