Dogecoin Surges Following Elon Musk News. What's Going on With This Popular Meme Coin?

Dogecoin is making headlines after President-elect Donald Trump announced the creation of the Department of Government Efficiency on X this past Wednesday. This meme coin was worth 16 cents on Election Day and has since more than doubled to a high of nearly 39 cents earlier today. However, according to CoinMarketCap, it’s still less than half as valuable as its all-time high of nearly 69 cents back in May 2021. This unofficial department shares the same acronym as the cryptocurrency: DOGE. Trump announced that this new advisory department would be run by Elon Musk and…

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