(24-hour Dogecoin price trend)

Dogecoin Soars Amid Speculation of Musk and Ramaswamy's Appointment

As of November 20, 2024, 10:00 AM EST, the latest price of Dogecoin (DOGE) stands at $0.38771691611979, with a 24-hour trading volume of $13027555084.539. The price of DOGE has increased by 3.39581453% over the past 24 hours.

Circulation and Supply Statistics

• Dogecoin's circulating supply: 146863546383.71
• Dogecoin's maximum supply: N/A
• Dogecoin's total supply: 146863546383.71
• Dogecoin's circulating market cap: $56941481294.306

Relevant News

Elon Musk and Vivek Ramaswamy To Head Government Efficiency Department

President-elect Trump has appointed Elon Musk and Vivek Ramaswamy to lead a new department dedicated to streamlining government efficiency. The department, tentatively named the Government Efficiency Department (GED), is expected to focus on simplifying the tax filing process.

Observers believe that Musk and Ramaswamy's involvement in the GED could have positive implications for DOGE. Both individuals have expressed support for cryptocurrencies, and they may consider initiatives that facilitate their adoption.

Analysis

The appointment of Musk and Ramaswamy has sparked optimism among DOGE holders, who believe that their leadership in the GED will benefit the cryptocurrency. The potential for government support and simplified financial processes could boost DOGE's popularity and value.

It is important to note that the role of DOGE in the GED's plans remains unclear. However, the positive sentiment surrounding the department's creation is likely to have a favorable impact on DOGE's price in the short term.