web3.0Dogecoin (DOGE) Surges 6% After Elon Musk Mentions 'Department of Government Efficiency' (DOGE) Acronym During Joe Rogan Podcast
The leader of dog-themed cryptocurrencies, Dogecoin DOGE/USD, surged Monday after Elon Musk mentioned DOGE, an acronym for the potential Department of Government Efficiency
Dogecoin (CRYPTO: DOGE) price surged Monday after Elon Musk mentioned DOGE, an acronym for the potential Department of Government Efficiency, during a podcast with Joe Rogan.
What Happened: The largest meme coin by market capitalization saw a surge of over 6% in the last 24 hours, rising to the top of the daily gainers list.
The token’s trading volume also spiked over 30% to reach nearly $2.8 billion in the last 24 hours, making it the fourth-most traded cryptocurrency in the period, if one were to exclude stablecoins.
The latest uptick reversed DOGE’s downward trend over the weekend, bringing monthly returns to over 47% at the time of writing.
See Also: Peanut The Squirrel-Themed Meme Coins Surge Amid Social Media Outrage Over Celebrity Animal’s Death: Trump will Save The Squirrels, Says Elon Musk
Unsurprisingly, the rally was powered by yet another reference to DOGE by Musk on the famous Joe Rogan Experience podcast that aired Monday.
Musk explained the rationale behind setting up the so-called government efficiency department was to cut through the tangle of federal bureaucracy.
"So we got this vast, suffocating federal bureaucracy that just gets bigger every year, and eventually you get to the point where everything’s illegal. You can’t get anything done, " the Tesla (NASDAQ:TSLA) and SpaceX CEO said.
Why It Matters: Musk has been frequently touting DOGE from X posts to political rallies of late, triggering sharp but short-lived rallies for the associated meme token.
In an earlier interview with popular media personality Tucker Carlson, Musk said that the efficiency department would act as a “garbage collection” for regulations that don’t make sense.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.1621, up 6.48% in the last 24 hours, according to data from Benzinga Pro.
The above is the detailed content of Dogecoin (DOGE) Surges 6% After Elon Musk Mentions 'Department of Government Efficiency' (DOGE) Acronym During Joe Rogan Podcast. For more information, please follow other related articles on the PHP Chinese website!
RCO Finance (RCOF) Robos-Advisor Takes The Altcoin Sector By StormAug 22, 2024 pm 09:25 PMThe altcoin sector has started showing signs of rallying, forcing investors to flock to projects with great growth potential. Among the list of investor favorites
Elon Musk Shares a Meme, Willy Woo Assumes He's Buying Bitcoin, BTC Crashes by More Than 18%Aug 05, 2024 pm 09:43 PMTech mogul and the world's richest entrepreneur Elon Musk has taken to his official account of the X social media platform to share a meme with the X community and crypto fans.
Elon Musk Warns U.S. Overspending Could Lead to Bankruptcy, Raising Economic ConcernsAug 31, 2024 pm 09:58 PMThe U.S. national debt surpasses $35 trillion, expected to hit $50 trillion by 2034. Analysts see Bitcoin as a hedge against inflation, predicting a potential rise to $70,000.
Elon Musk Hints at the Return of Dogecoin Payments for Tesla Merch and StarlinkSep 04, 2024 am 12:47 AMElon Musk recently responded to a tweet suggesting Dogecoin as a solution to frozen bank accounts for Starlink. This led to the speculation that Starlink
Elon Musk's 'Department of Government Efficiency' Tweet Indirectly References Dogecoin, Sparks Community ReactionSep 08, 2024 am 03:28 AMThe Tesla and SpaceX CEO posted a tweet that reads, "Department of Government Efficiency," which could be abbreviated for short as "DOGE."
Elon Musk Announced His Full Support for Pavel Durov with Multiple Facts and Supported His Vision of Free SpeechAug 25, 2024 pm 03:20 PMToday, we reported that Telegram founder Pavel Durov was arrested by the authorities in France over his failure to prohibit the misuse of the Telegram
Elon Musk Predicts U.S. Bankruptcy, Reigniting Bitcoin's Appeal as a "Digital Gold"Aug 31, 2024 am 04:08 AMTesla CEO Elon Musk has issued a stark warning about the future of the U.S. economy. He predicted a fast track to bankruptcy due to the government's escalating deficit.
MoonBag (MBAG): The Original Meme Coin Still Holding StrongSep 01, 2024 pm 06:24 PMIn the transforming world of cryptocurrency, meme coins have become a unique and influential segment, capturing the imagination of investors and the broader public alike. Among these digital assets, Play Doge, Dogecoin, and MoonBag (MBAG) are making
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
Dreamweaver Mac version
Visual web development tools
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool
SublimeText3 Chinese version
Chinese version, very easy to use
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
