"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."
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