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Dogecoin Surges Over 11% Following Launch of Musk-Led Agency Musk’s DOGE agency launches official website with Dogecoin logo Dogecoin Surges Following Announcement of New Government Agency Dogecoin (DOGE) Praised by Short-Selling Agency Citron Research, Here's Important Reason

Jan / 01
- Dogecoin Surges Over 11% Following Launch of Musk-Led Agency
  
  Jan 01, 1970 at 08:00 am Crypto Intelligence
  
  Dogecoin has surged over 11% in response to Elon Musk's announcement of a new government efficiency initiative, with the launch of the Department of Government Efficiency (DOGE) website. Markets have reacted positively to the agency's shared acronym and logo with the popular cryptocurrency, seeing it as a potential catalyst for Dogecoin's value.
- Musk’s DOGE Agency launches official website with Dogecoin logo
  
  Jan 01, 1970 at 08:00 am Cointelegraph
  
  Dogecoin (DOGE) surged over 10% following the launch of Elon Musk's Department of Government Efficiency (DOGE), which shares the same acronym and name as the cryptocurrency, sparking speculation about a potential connection.
- Dogecoin Surges Following Announcement of New Government Agency
  
  Jan 01, 1970 at 08:00 am Coinstelegram
  
  Following the establishment of the United States Department of Government Efficiency (DOGE) headed by Elon Musk and Vivek Ramaswamy, Dogecoin (DOGE) witnessed a substantial spike, reaching $0.39, its highest point this year. The new agency, though unrelated, shares the same acronym as the cryptocurrency, triggering market excitement. Amid ongoing discussions about Musk's influence on DOGE's price, Coinbase CEO Brian Armstrong endorsed the new agency, highlighting its potential to enhance economic freedom and government efficiency.
- Dogecoin (DOGE) Praised by Short-Selling Agency Citron Research, Here's Important Reason
  
  Jan 01, 1970 at 08:00 am U_Today
  
  Citron Research, a notable short-selling agency, has shifted its stance on Dogecoin (DOGE), praising its value while abandoning its short position on GameStop (GME). This move reflects Citron's acknowledgment of market irrationality, as exemplified by Dogecoin's substantial market cap and GameStop's large financial resources. Despite this, Citron's founder expressed the possibility of re-shorting GME if its share price declined significantly. Additionally, analysts have proposed that GameStop invest in Bitcoin, potentially boosting the value of both assets.