CandleFocus D.O.G.E Memecoin Rockets 100% as Traders Savor Elon Musk's Strong Ties to President-Elect Trump
2024-11-08
Author: Content Editor
A parody cryptocurrency called Department of Government Efficiency (D.O.G.E) has seen a 100% increase in price and trading volumes in the past 24 hours. The surge is attributed to Elon Musk's discussions about forming a real "Department of Government Efficiency". Musk's support for dogecoin and plans for the proposed department has boosted the popularity of the parody token. The token has increased in value by over 600% since it was first highlighted in mid-October. With Trump's election win, the demand for the unrelated D.O.G.E token has increased as traders aim to profit from its viral and popular nature. The token's market capitalization reached $153 million with nearly $30 million in trading volumes. It is expected that the token will continue to gain in value and media coverage as Trump takes office.
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