• 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

Japan Tightens Access to Crypto Through Regulated Exchanges

chest

Japanese authorities are enforcing stricter access to cryptocurrency platforms, limiting services to those that comply with domestic regulations.

user avatarRajesh Kumar

PEPE Token Shows Strong Performance Against Major Cryptocurrencies

chest

PEPE token showed strong performance with a 146% increase against USD, maintaining stability and key support levels.

user avatarJesper Sørensen

Vitalik Buterin Emphasizes Individual Sovereignty in Ethereum Development

chest

Vitalik Buterin emphasizes the importance of individual sovereignty in Ethereum development, urging developers to prioritize resilience over convenience.

user avatarLucas Weissmann

Institutional Interest in Ethereum Grows Amid Regulatory Clarity

chest

Institutional investors are increasingly building on Ethereum due to clearer regulatory frameworks in the U.S., leading to a surge in stablecoin transfer volume.

user avatarFilippo Romano

Technological Advances Transform Fan Engagement in Sports

chest

Technological advancements in streaming and AI are reshaping how fans engage with sports content.

user avatarEmily Carter

DGrid Unveils Innovative Proof of Quality Mechanism

chest

DGrid unveils its Proof of Quality mechanism to ensure AI result reliability in a decentralized network.

user avatarKaterina Papadopoulou

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.