• 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

3 hours 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

Share

Other news

Floki Prepares for the $MONKY Memecoin Launch

Floki to support $MONKY launch, inspired by the 'Three Wise Monkeys' proverb.

user avatar

a minute ago

Pennsylvania's Bitcoin Bill: A Step Towards Financial Stability

Pennsylvania proposes investing up to 10% of its fund in Bitcoin to hedge against inflation.

user avatar

2 minutes ago

Polymarket Under Investigation: DOJ Examines US Citizen Participation on Crypto Platform

The DOJ is investigating Polymarket for potential violations related to US citizen participation in the prediction platform.

user avatar

2 minutes ago

Bitwise Launches First Aptos Staking ETP on SIX Swiss Exchange

Bitwise launches the first ETP focused on Aptos token staking on the SIX Swiss Exchange.

user avatar

4 minutes ago

Google Cloud Supports BNB Chain with $10M in MVB Program

Google Cloud has invested $10M in cloud credits to support projects on BNB Chain in the MVB program.

user avatar

5 minutes ago

NEAR Protocol: World's Largest AI Model and the Future of Technology

NEAR Protocol introduces the largest AI model with 1.4 trillion parameters. Project based on research and crowdsourcing.

user avatar

6 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

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.