Trump's Victory and Musk's Plan Trigger 155% D.O.G.E Surge

user avatar

by Giorgi Kostiuk

2 years ago

Elon Musk's influence on the crypto market is once again evident. This time, the support of former US President Donald Trump and his new initiative caused volatility in the memecoin sphere.

Trump's Victory and Musk's Influence

Following Donald Trump's election as the 47th President of the US, Elon Musk drew attention with his involvement in the campaign. At a Trump rally in New York, Musk unveiled a plan to cut the US budget by $2 trillion through the Department of Government Efficiency (D.O.G.E).

D.O.G.E Token Price Surge

The D.O.G.E token garnered heightened attention due to its acronym matching the popular cryptocurrency Dogecoin and media focus. It saw a rise of over 155% in the last 24 hours, reaching $0.18. The surge was triggered by a new product on Trump's website—a T-shirt featuring the phrase 'Department of Government Efficiency.'

Musk and Dogecoin Hype

Elon Musk's impact on Dogecoin's price is well-documented, with his statements and actions, such as adding payment options to Tesla and replacing the X logo with Dogecoin imagery, often causing price hikes. Given Trump's victory and Musk's influence, experts anticipate further interest in tokens featuring 'DOGE' in the coming months.

Elon Musk's support and political events continue to influence the cryptocurrency market. Further changes in memecoin behavior and value can be expected in light of recent developments.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.

user avatarMaria Fernandez

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

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.