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.

Shiba Inus whale transactions have sharply decreased, plummeting from typical highs of four trillion SHIB to just 500 billion in the past seven days. This unexpected decline may significantly affect the tokens future price and volatility.

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.

As it gets closer to forming a golden cross, Shiba Inu is exhibiting indicators of a possible breakout. The 50-day moving average crossing above the 200-day moving average is a bullish pattern that frequently results in a substantial increase in market momentum.

Shiba Inu is on the cusp of a significant transformation. Lucie (@LucieSHIB), the marketing lead for Shiba Inu, announced via X on October 17 that the Shiba Inu Decentralized Autonomous Organization (DAO) and the Shib Doggy DAO Foundation are “coming soon,” signaling a pivotal shift toward decentralization and community governance.

To the surprise of various community members, the Shiba Inu team has announced the postponement of the highly anticipated ShibaCon conference. Originally, scheduled to take place on November 9, the Shiba Inu team has decided to reschedule the ShibaCon conference till further notice, leaving many in the community wondering what prompted the sudden change.

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

On-chain metrics unravel a momentum change, but two gargantuan resistance levels loom in Shiba Inu's upward journey.

Shiba Inu (SHIB) price, a popular meme cryptocurrency, is gaining attention as it shows signs of potential value growth. With the broader cryptocurrency market struggling to maintain momentum, SHIB stands out with notable developments.

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%.

Billy Markus reflects on how Dogecoin sparked an unexpected crypto revolution, evolving beyond his wildest dreams.

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 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.

SHIB's market cap must rise by approximately 10x for the prediction to come true.

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

If big investors continue buying Shiba Inu, it could boost interest in the market, helping SHIB break through its price limit and rise higher.

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 consolidation phase in SHIB price, marked by resistance at $0.000018 and support at $0.000016, has prompted Shiba Inu whales to gradually increase their holdings.

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

Amid fluctuating price trends in the cryptocurrency market, Shiba Inu (SHIB) continues to experience significant volatility, facing persistent challenges at its resistance levels. Over the past 20 days, the meme coin has encountered rejection six times, raising questions about its ability to break through its current barriers.

As Shiba Inu (SHIB) continues to reign supreme as the second-largest meme coin based on market value, the altcoin is witnessing an impressive holding culture.

Amid increased price volatility in the crypto market, top projects have recorded a significant uptrend with some altcoins recording double-digit gains. However, the Shiba Inu price has repeatedly faced rejection at its resistance level of the trend pattern. Notably, it has repeatedly faced 6 rejections over the past 20 days.

Shiba Inu coin once again caught the eyes of crypto market enthusiasts as SHIB team confirms that the ecosystem is eyeing a transformative shift ahead. On Thursday, the marketing lead highlighted that the Shib Doggy DAO and Foundation launch remains imminent.

Dog-themed cryptocurrency Shiba Inu might be on the verge of a transformative shift that will put power into the hands of real holders. A recent update from Shiba Inu team member Lucie has hinted at upcoming governance milestones, which would mark Shiba Inu's next chapter in the coming days.

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.

The price of Shiba Inu (SHIB) has resumed its uptrend as it pulls back and finds support above the moving average lines. During the initial surge, the altcoin peaked at $0.00002167 before being pushed back.

When market exhaustion sets in, SHIB sees higher daily gains as BTC traders reallocate profits into high-cap tokens.

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.

The growth of altcoins: focus on Shiba Inu (SHIB) and Ripple (XRP).

Shiba Inu's price currently needs help finding a clear direction, with its key momentum indicators signaling a weakening trend and reduced momentum. This indicates a consolidation period for the leading meme coin, where neither bullish nor bearish forces dominate.

Recent whale activity on Shiba Inu has sharply decreased, with large transactions falling to just 500 billion SHIB over the last seven days. This represents a sharp decline from the typical highs of four trillion SHIB and a significant change in the volume of transactions for the token.

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.

Shiba Inu (SHIB) has garnered attention from traders and investors alike. After a period of uncertainty and volatility, recent technical indicators suggest that SHIB may be poised for a bullish trend.

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.

SHIB's burn rate surge and growing network activity are good signs, but is that all?

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.