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

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


Tesla,
speaking

at
a


Pennsylvania
town
hall,
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

Musk
Outlines
Plans
For
Proposed
D.O.G.E 

The
proposed
governmental


department,
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.

as
far
as

$DOGE
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…

https://t.co/ySDg8IsLqM

pic.twitter.com/V8boPiZeAE

—
Unipcs
(aka ‘Bonk
Guy’)
????
(@theunipcs)

October
18,
2024

Only
POPCAT
Outperformed
DOGE 

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

Pepe
Unchained
(PEPU),
probably
the
most
successful
ICO
of
the
year
after
raising
more
than
$20.4
million.

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