Key Points
- DOGE value is up by over 5% in the present day, following X posts by Elon Musk.
- Musk revealed he’s keen to “serve” on the Department of Government Efficiency (DOGE).
Dogecoin (DOGE) value surged by over 5% in the present day, reaching costs over $0.105. At the second of writing this text, DOGE has a market cap of over $15.37 billion.
The coin’s value surge adopted Elon Musk’s posts on X referring to DOGE. This time, Musk shared a put up that talked about the title of a possible new cupboard created by Donald Trump – Department of Government Efficiency (DOGE).
— Elon Musk (@elonmusk) August 20, 2024
This was a reference to the current Trump-Musk interview on X Spaces throughout which the previous US President dedicated to Musk that he would create a Government Efficiency Commission led by him to chop the price and dimension of the Federal Government.
Later, Musk shared one other post associated to the problem by way of his X account, posting a photograph of himself “serving” on the D.O.G.E. – Department of Government Efficiency.
Musk Is Shilling DOGE Again
Following a break, it seems like Musk began shilling DOGE once more, however this time, his affect is much less important, in comparison with 2023.
On April 3, 2023, Musk modified the long-lasting Twitter fowl emblem above the house button on the social community’s internet model to the Dogecoin picture. After the logo change, the worth of DOGE rose greater than 20%.
Today, Musk’s mentions of the coin solely managed to set off a 5% surge.
The 2021 DOGE Rally
On April 2, 2019, Musk shared a post on X previously often known as Twitter about DOGE saying “Dogecoin may be my fav cryptocurrency. It’s fairly cool.”
Musk’s put up managed to assemble round 11,000 likes thus far, as a result of lack of recognition of the coin again in 2019.
DOGE remained dormant till early 2021 when it recorded its first important rally that propelled the coin to its ATH of $0.53 on May fifth.
