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

Grayscale Appoints BitGo as Custodian for Hyperliquid Staking ETF

Grayscale has appointed BitGo Bank Trust as an additional custodian for its Hyperliquid Staking ETF to enhance custody services and operational flexibility.

user avatarAndrew Smith

Avalanche Sees Surge in Tokenized US Treasury Assets

The value of tokenized US Treasury assets on the Avalanche network has surged to approximately $545 million, marking a fourfold increase over the past year.

user avatarJacob Williams

Metaplanet Shows Liquidity Management with Strategic Bitcoin Transactions

Metaplanet sold 10,000 BTC for approximately $790 million and bought back 11,000 BTC for around $950 million, demonstrating its ability to manage liquidity effectively.

user avatarSon Min-ho

Navra Secures $19 Million in Series A Funding to Bridge Traditional Finance and Blockchain

Navra, a startup led by Mike Cagney, has successfully raised $19 million in Series A funding to enhance access to blockchain-based financial markets for traditional investors.

user avatarZainab Kamara

Arbitrum Proposes Strategic Initiative for USDG Stablecoin

Arbitrum has proposed a governance initiative to back USDG as a core strategic stablecoin within its ecosystem, including adding 100 million ARB to enhance liquidity and adoption.

user avatarTando Nkube

BitGo and HashKey Cloud Expand Partnership in Asia-Pacific

BitGo and HashKey Cloud have expanded their partnership to cover multiple areas of institutional crypto infrastructure, including staking, trading, custody, and asset tokenization in Singapore.

user avatarAyman Ben Youssef

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.