(24-hour Dogecoin price trend)

Dogecoin Surges Following Trump's Appointment of Elon Musk to Lead 'Department of Government Efficiency'

As of November 13th, 2024, 13:00 UTC, Dogecoin (DOGE) is valued at $0.36880529439176, with a 24-hour trading volume of $38,749,223,958.482. DOGE has experienced a price decrease of -11.91430494% in the past 24 hours.

The circulating supply of DOGE stands at 146,769,406,383.71, with a maximum supply of 146,769,406,383.71. The total supply is 146,769,406,383.71 and the market cap is $54,129,334,129.047.

Key News and Insights:

• The price of Dogecoin spiked following the announcement of Donald Trump's appointment of Elon Musk and Vivek Ramaswamy to lead the "Department of Government Efficiency."
• This appointment has fueled speculation that Trump is seeking to increase the adoption and utilization of cryptocurrencies within the government.
• Some analysts believe that the appointment could lead to a resurgence of interest in Dogecoin, potentially pushing its price to $2.40.
• Over the past week, DOGE has seen an increase of approximately 75,000 new wallets, contributing to a significant price surge of 140%.

The cryptocurrency market remains highly volatile, and investors are advised to exercise caution and conduct thorough research before making investment decisions.