DOGE Price Surges by 10% Following Musk’s Comment in Pennsylvania

Key Points:

• DOGE price experienced a significant surge, exceeding $0.13 today.
• During a public meeting in Pennsylvania, Elon Musk referenced "Doge."

Dogecoin Price Surge

Dogecoin (DOGE) witnessed a notable price increase of approximately 10% today. The memecoin briefly reached levels above $0.1357.

At the time of writing, DOGE trades at $0.134 with a market capitalization exceeding $19.63 billion. Over the past week, DOGE had traded around $0.11, with a surge to $0.12 observed on October 16th.

Elon Musk's Mention of "Doge"

Yesterday, during a meeting in Pennsylvania, Elon Musk mentioned "Doge" in response to an attendee's question about his potential role in a "Department of Government Efficiency."

This reference was reminiscent of an August interview with Donald Trump on X Spaces, where Trump pledged to establish a Government Efficiency Commission led by Musk to reduce federal government costs and size.

The DOGE community interpreted Musk's remarks as an endorsement of the cryptocurrency, which has historically benefited from his public statements.

Musk's Support for Trump

As part of his visit to Pennsylvania, Elon Musk expressed his support for Donald Trump ahead of the 2024 US elections. He emphasized the significance of Pennsylvania in the upcoming elections.

According to The Hill, Musk stated that the importance of Pennsylvania and the overall US elections cannot be overstated, as they will shape the future of America and Western civilization.

Musk further acknowledged his previous lack of political involvement but emphasized his current engagement. In recent months, he has demonstrated growing support for Trump, urging the public to recognize the crucial nature of the 2024 elections.