• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Department of Government Efficiency Price Drop: Causes and Effects

user avatar

by Giorgi Kostiuk

a year ago

The price of Department of Government Efficiency (DOGE) plummeted by 25% in the last 24 hours, while trading volume surged by 39%.

Price Plummets

According to CoinGecko, the price of Department of Government Efficiency fell by 25% to $0.3051. The increase in trading volume to $25 million could be linked to Elon Musk's announcement seeking high-IQ individuals for his taskforce.

DOGE's Goals and Efforts

Led by Elon Musk and Vivek Ramaswamy, DOGE aims to recruit high-IQ individuals to cut government costs and decrease the federal budget to $4.5 trillion.

Chart Analysis and Forecast

On the Tradingview chart, DOGE is forming a symmetrical triangle, indicating a potential trend continuation. If the price breaks upwards, it could rise to $0.70, or fall to $0.20 if it drops lower.

In conclusion, the current price changes of the Department of Government Efficiency reflect both internal and external factors, including economic policy and governance reform initiatives.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Loyal Miner Promotes Green Energy in Cloud Mining

chest

Loyal Miner emphasizes its commitment to using green energy sources for its mining operations, enhancing sustainability.

user avatarGustavo Mendoza

Shiba Inu Burn Rate Increases by 248%

chest

Shiba Inu burn rate surged by 248% in 24 hours, with 1.428 million SHIB removed from circulation.

user avatarRajesh Kumar

CEP Shareholders Approve Merger with Twenty One Capital

chest

On December 3, shareholders of CEP approved a business merger with Twenty One Capital, paving the way for the company's initial public offering.

user avatarMiguel Rodriguez

Twenty One Capital Prepares for IPO Amid Bitcoin Concerns

chest

Twenty One Capital is preparing for its IPO in the US on December 9, moving 43,500 BTC into escrow, raising concerns about potential selling pressure on Bitcoin.

user avatarLuis Flores

Terra Luna Token Surges Following Successful Upgrade

chest

The Terra Luna token has seen a remarkable rise following the successful rollout of the Terra Chain v218 upgrade on December 8.

user avatarArif Mukhtar

Significant LUNC Token Burns Boost Terra Ecosystem Sentiment

chest

The sentiment around the Terra ecosystem has been significantly boosted by a sharp increase in LUNC token burns.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.