Elon Musk’s Department of Government Efficiency (DOGE) has launched its official website, aimed at increasing transparency in federal spending and streamlining government operations. This move has drawn attention to Dogecoin, which has seen a price increase under Musk’s influence.
DOGE Official Website Goes Live
According to an [announcement](https://x.com/DOGE/status/1889897384122982604) on February 13, 2025, the doge.gov website is now operational. The platform provides insights into planned spending cuts, employee functions, and strategies for boosting efficiency. Musk confirmed that the site will feature cost-saving measures to track the progress of his ambitious budget plans.
What's Next for the Advisory Panel?
FOX Business correspondent Charles Gasparino noted that if the panel meets its objectives, inflation is expected to reduce to 2%. This forecast is particularly noteworthy given the latest U.S. Consumer Price Index (CPI) inflation data for January exceeded expectations, reaching 3% YoY. The panel plans to introduce an 'overall savings scorecard' and a breakdown of cost reductions in February.
Dogecoin Gains Traction Amid Government Initiative
Beyond budget discussions, Musk’s latest venture has again spotlighted Dogecoin. The cryptocurrency DOGE has seen an upswing, with analyst VipRoseTr noting that its price is rebounding from a key Fibonacci support zone, potentially indicating a rise to $0.4993, $0.5740, and $0.6543.
The launch of DOGE's website reflects a move towards transparency in government spending, while simultaneously boosting attention to Dogecoin. This situation could have lasting effects on both the economic and cryptocurrency markets.
