The proposed department, abbreviated as D.O.G.E, will seek to make government spending of taxpayer money more efficient while streamlining departments that handle spending.

Someone asked Musk if he would head up a new “Department of Government Efficiency.” Musk responded with a lighthearted grin, “Yeah, Doge.

Bitcoin and Ethereum continued trading flat even as equities notched fresh record highs. However, Dogecoin moved higher on Thursday.

Elon Musk, CEO of Tesla Inc. and owner of social media platform X, threw his support behind former President Donald Trump during a campaign town hall on Thursday while floating the idea of a new government agency named after a cryptocurrency meme. What Happened: Speaking to voters in suburban Philadelphia, Musk outlined his vision for the “Department of Government Efficiency” popularly called D.O.G.E.

A massive whale purchase of 86.87 million DOGE has spurred a market surge, sending the coins price up 21%. Investor interest grows as bullish momentum continues, with potential gains ahead.

The Dogecoin price is once again gearing up for a significant move to the upside. In a recent price analysis of current price movement and previous price action, an analyst suggested Dogecoin is on track to repeat another parabolic run, potentially sending its price skyrocketing to $10.

Shiba Inu (SHIB) price forecasts are turning bullish, with one popular TradingView user predicting a stunning 400% surge in the coming months and weeks.

Cryptocurrency markets are trading lower on Thursday, consolidating gains from earlier in the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,879.97 -1.3% Ethereum (CRYPTO: ETH) $2,583.46 -1.1% Solana (CRYPTO: SOL) $148.51 -3.8% Dogecoin (CRYPTO: DOGE) $0.1213 -4% Shiba Inu (CRYPTO: SHIB) $0.00001767 -5% Notable Statistics: IntoTheBlock data shows Bitcoin large transaction volume decreasing by 14.8% and daily active addresses falling by 20.1%.

Dogecoin (DOGE), initially a mere meme, is demonstrating significant market strength once more. On October 16, 2024, the prominent cryptocurrency surged by 16% in the weekly frame, to the delight of investors.

The markets are always buzzing with predictions, and the latest one is turning heads. Dogecoin price, a fan favourite, is expected to rally to $1 before December.

The Dogecoin price has rallied by over 7% in the last 24 hours, outperforming Bitcoin and Shiba Inu. This price rally is primarily thanks to the world's richest man, Elon Musk, who continues to support the foremost meme coin indirectly.

Most coins from the top 10 list are facing a correction, according to CoinMarketCap.

Early Bitcoin adopter Jeremie Davinci has taken to his account on the X social media giant (formerly known as Twitter) to share his take on what he believes meme coins, including flagships Dogecoin and Shiba Inu, can reach in this market cycle in terms of market capitalization value.

The spike in large transactions and exchange inflows suggests that DOGE is in a distribution phase.

Dogecoin (DOGE) price has rallied, but the upside correction has been delayed twice by resistance at $0.13

The most popular meme cryptocurrency, Dogecoin (DOGE), continues to see interesting developments, not only on the price chart but also behind the scenes of the cryptocurrency scene.

Over the past 24 hours, the Dogecoin price has seen somewhat of a cooldown following an explosive 10% surge yesterday, potentially driven by anticipation of a bigger Elon Musk endorsement in the months ahead.

Dogecoin is on the rampage as the Elon Musk D.O.G.E initiative takes the center stage.

Bitcoin (BTC) briefly climbed to $68,261 as the crypto market remained posted further gains as optimism grows around riskier assets such as cryptocurrencies. BTC bulls are confident the world's largest cryptocurrency will reach a new all-time high, with the US election outcome also set to play a vital role after both candidates spoke in support of crypto.

Billy Markus, known on social media as Shibetoshi Nakamoto, who created the original meme cryptocurrency Dogecoin together with Jackson Palmer in 2013, has published a tweet, mentioning the mysterious Bitcoin creator Satoshi Nakamoto and the HBO documentary about him that came out recently.

Grayscale, a major crypto asset manager, is considering adding Dogecoin to its product lineup, coinciding with increased network activity and a price uptick for the meme-based cryptocurrency.

Dogecoin breaks above $0.12, showing bullish momentum with key resistance levels ahead at $0.1280 and $0.1300.

Dogecoin price has struggled to stay above $0.130 since late July, but a crypto market rally and support from its most famous fan could do the trick.

Renowned dog-themed meme cryptocurrency Dogecoin garnered significant attention on Wednesday as market stats projected a highly bullish outlook for the token's price. Crypto market watchers anticipate a $0.5 price target for the token ahead in light of its recent rally.

As the crypto market prepares for another season of explosive growth, there does seem to be the emergence of some investors in search of the next bunch of assets that would change their fortunes the way Dogecoin (DOGE) and Shiba Inu (SHIB) did on their previous surges.

Cryptocurrencies based on internet memes and online communities are jumping to billion-dollar valuations in record quick time, leaving behind corporate America in the process. What happened: A study by cryptocurrency analytics firm Social Capital Markets revealed that some Nasdaq-listed companies took an average of 25-35 years to reach billion-dollar valuations, while meme coin projects like Shiba Inu (CRYPTO: SHIB) and Pepe (CRYPTO: PEPE) achieved a similar feat in less than a year.

Dogecoin (DOGE) price is on the rise, surging almost 10% in a single day. Average transaction sizes have also increased, suggesting that larger market participants are becoming more active.

Dogecoin has just witnessed a rally of around 10% after on-chain data signaled a mass exodus of holders from the DOGE network.

Dogecoin is rising above the $0.120 resistance zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1280 resistance.

The crypto prices today have shown fluxing trajectories, sparking investor speculations globally. While Bitcoin (BTC) price held the $67K level, Ethereum (ETH), Solana (SOL), and XRP prices embarked upon a rollercoaster ride, gradually entering the green territory.

Elon Musk's favorite cryptocurrency, Dogecoin (CRYPTO: DOGE), became one of the biggest market gainers in the last 24 hours, most likely due to his social media activity. What happened: The biggest meme token by market cap, DOGE, bounced more than 7% in emerging as the third best-performing cryptocurrency in the last 24 hours.

Crypto asset management giant Grayscale has recently announced its consideration of expanding its offerings to include products based on the popular meme cryptocurrency, Dogecoin. In a recent blog post, Grayscale highlighted that Dogecoin has caught the company's attention as a potential asset for future investment products.

Dogecoin surged by 8% following Elon Musks massive $75 million donation to Donald Trumps presidential campaign, reviving hopes that the cryptocurrency could soon hit $1 amid increased market activity. Musks $75 Million Boost to Trumps Campaign The pro-Republican America Political Action Committee (PAC) received roughly $75 million from billionaire entrepreneur Elon Musk, which bolstered Donald Trumps presidential campaign.

Dogecoin, the largest meme coin, continues to attract a series of bold predictions from several market experts about its potential in the short and long term following its recent price increase in the past few days, triggered by a broader positive sentiment in the general crypto market. Short-Term Rally Target For Dogecoin Set At $2.

The critical resistance level, which bulls have long found difficult to overcome, was recently approached by XRP and met with a severe rejection. Bearish momentum has been generated in the short term by the asset's inability to surpass this level.

Dogecoin (DOGE), the world's largest meme coin has recently seen a sharp decline in its holder base, with new data confirming that the number of active long-term holders has fallen to a six-month low. Amidst this bearish development, a crypto analyst remains optimistic about Dogecoin's price outlook, believing that it can reach new All-Time Highs (ATH) of $10 soon.

Once a frontrunner in the meme coin phenomenon, the Dogecoin price is still struggling to break the $0.10 barrier, leaving many investors with no other option but to seek new opportunities. One such opportunity is the ETFSwap (ETFS) DeFi token, which presents a better bet than meme coins with a promise of 25,000x returns.

Leading figures in the crypto sector have highlighted Dogecoin as the potential top beneficiary of a victory by Donald Trump in upcoming US elections. Andrew Kang, founder and CEO of Mechanism Capital, took to X to express his insights on the matter.

Cryptocurrency markets are trading higher, taking 96% Bitcoin holders into profit. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,883.56 +1.6% Ethereum (CRYPTO: ETH) $2,617.07 +1.3% Solana (CRYPTO: SOL) $154.56 -0.15% Dogecoin (CRYPTO: DOGE) $0.1265 +10.2% Shiba Inu (CRYPTO: SHIB) $0.00001869 +3.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 43.5% and daily active addresses growing by 10.4%.

Here's why this target seems quite unlikely as of now.

Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.

While the crypto market continues to grow, more experienced analysts are looking at a titan that may enter the market soon — DTX Exchange. As Tron (TRX) and Dogecoin (DOGE) are facing resistance, DTX Exchange is steadily entering the scene as a crypto to buy for gains.

Dogecoin experiences a 20% spike as Tesla unveils its autonomous Robotaxi, fueling rumors of potential cryptocurrency integration in Musk's latest venture.

As Bitcoin inches closer to $70K, altcoins like DOGE, LTC, and BONK see significant gains.

A new study has highlighted how meme coins have achieved billion-dollar valuations at a pace that far outstrips traditional Nasdaq-listed companies. What Happened: The report reveals that while many established corporations took 25-35 years to reach billion-dollar valuations, meme coins like Shiba Inu (CRYPTO: SHIB) and Pepe (CRYPTO: PEPE) managed to hit these milestones within months, reshaping conversations around value creation in modern financial markets.

Despite a sharp drop in the number of Dogecoin holders, the memecoin has seen a 14% price surge.

Dogecoin is the biggest gainer in the top 40 coins this week, and the reason appears to be a familiar one: Elon Musk tweets.