Key Points
- DOGE value surged considerably at present, as Bitcoin nears its ATH.
- Earlier, Musk talked about the Department of Government Efficiency’s upcoming justice hammer.
Today, Dogecoin (DOGE) recorded a major value surge of round 11%, reaching $0.40. At the second of writing this text, DOGE is buying and selling near $0.39, up by 7.7% within the final 24 hours.
Now, DOGE has a market cap of over $57.2 billion, after reaching $58.93 earlier at present. The coin’s value rally coincided with Bitcoin’s surge close to its earlier ATH, reaching over $92,700 about an hour in the past.
DOGE reached $0.4 at present for the primary time since November 14, after debuting the day round $0.37 ranges.
DOGE‘s value rally continues to be fueled by a number of elements, together with Elon Musk’s mentions concerning the Department of Government Efficiency through X.
Musk Mentioned DOGE on X Earlier Today
In a brand new submit on X, Musk talked about “the DOGE hammer”, referring to the upcoming justice that will likely be made through the Department of Government Efficiency, which he’ll lead along with Vivek Ramaswamy, as beforehand introduced.
Musk revealed that in accordance with new estimates, the US is getting scammed out of a whole lot of billions of {dollars} and the upcoming DOGE cupboard will work to repair this.
The “DOGE hammer” refers to an older submit that Musk shared on November 16, saying that there will likely be penalties for many who pushed overseas interference hoaxes. On that day, he wrote that “the Hammer of Justice is Coming.”
US Fraud Losses Exceed $233 Billion Annually
In at present’s submit shared by Musk, a brand new report estimates that the US fraud losses have exceeded $233 billion yearly.
This is the first-of-its-kind evaluation based mostly on spending between 2018 and 2022, coming every week after the White House endorsed new laws to crack down on fraud, together with identification theft.
The report from The Washington Post notes that the US authorities might lose between $233 billion and $521 billion to fraud every year.
Musk’s upcoming Department of Government Efficiency (DOGE) already has a web page on X, amassing 1.9 million followers since its creation earlier this month.
Yesterday, the DOGE’s account listed the objects that the American taxpayers’ {dollars} are spent on.
