🐶 Dogecoin saw an 8% jump in the past day, peaking at 16%, as Donald Trump’s victory lifted crypto sentiment. Elon Musk, Dogecoin’s biggest fan, is set to lead a newly established Department of Government Efficiency (DOGE) in the Trump administration—a playful nod by Musk to his favorite “people’s crypto.”
📊 With Musk back in the spotlight, Dogecoin investors are hopeful. Musk’s influence on DOGE dates back to 2019, when he collaborated with developers, even offering financial support. Although his impact has waned, his role in the administration could reignite Dogecoin’s popularity.
💥 High-profile supporters rally, including Mark Cuban, who accepts Dogecoin for Mavericks games, and Ethereum’s Vitalik Buterin, who advises Dogecoin’s Foundation. With influential allies and Musk’s new position, is Dogecoin poised for another run?
Can Musk’s involvement with DOGE in Washington fuel a sustained rally? The crypto world waits in anticipation.
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