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

Justin Sun Prize Launched to Transform Scientific Research

chest

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

bdautomated Releases Verified AI Agent Statistics for 2026

chest

bdautomated releases a comprehensive dataset on AI agent statistics for 2026, tracing 75 widely quoted figures back to their original sources.

user avatarMaria Fernandez

Korea Blockchain Week 2026 Announces Key Sponsors and Speakers

chest

Korea Blockchain Week 2026 has unveiled its partner lineup, featuring major players in the digital asset industry, including Upbit, 0G, BRV, Stable, Tria, and BitGo. The event will take place in Seoul from September 29 to October 1, 2026, and will host key speakers discussing significant shifts in the digital asset industry.

user avatarGustavo Mendoza

Morgan Stanley's Bitcoin Accumulation Boosts Market Confidence

chest

Morgan Stanley has been actively accumulating Bitcoin through the ETF route, amassing approximately 622 million worth of the cryptocurrency this month.

user avatarRajesh Kumar

Microsoft Opens Public Feedback for AI Code of Conduct

chest

Microsoft is inviting public feedback on its draft Code of Conduct for AI models until late October, aiming to refine guidelines before finalizing them for 2027.

user avatarLuis Flores

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

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.