Dogecoin surges nearly 20% after Trump announces Elon Musk-led 'Department of Government Efficiency'
Briefly

"Dogecoin spiked by as much as 20% after Elon Musk was tapped to lead the newly created 'Department of Government Efficiency' or DOGE, giving the meme coin immense attention."
"Dogecoin has surged 353% since the start of the year and has surpassed XRP to become the sixth-largest cryptocurrency with a market cap nearing $60 billion, marking a significant market transformation."
"Trump's appointment of Musk and Ramaswamy to head DOGE aims at dismantling government bureaucracy and restructuring federal agencies, showcasing a commitment to redefine governance."
"Musk's humorous engagement on social media highlights the playful nature of Dogecoin's community, which embraces both meme culture and serious considerations in the crypto market."
Read at New York Post
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