Dogecoin Soars After President-Elect Donald Trump Announces the Creation of the Department of Government Efficiency (DOGE)-web3.0-php.cn

Dogecoin Soars After President-Elect Donald Trump Announces the Creation of the Department of Government Efficiency (DOGE)

DDD

Nov 15, 2024 am 09:00 AM

dogecoin Meme Coin Elon Musk

This meme coin was worth 16 cents on Election Day and has since more than doubled to a high of nearly 39 cents at the time of writing.

Dogecoin Soars After President-Elect Donald Trump Announces the Creation of the Department of Government Efficiency (DOGE)

Dogecoin price has more than doubled since Election Day, likely due to President-elect Donald Trump's announcement of the Department of Government Efficiency (DOGE). This department doesn't exist yet.

What happened: Dogecoin price skyrocketed on Wednesday after President-elect Donald Trump announced the creation of the Department of Government Efficiency. This acronym is the same as the cryptocurrency dogecoin.

Dogecoin was trading at around 16 cents on Election Day and rose to a high of nearly 39 cents at the time of writing, according to CoinMarketCap. However, it's still less than half as valuable as its all-time high of nearly 69 cents back in May 2021.

This department will be co-led by Elon Musk and Vivek Ramaswamy, a former Republican presidential candidate. Its goal is to find ways to reduce government spending to "drive large-scale structural reform," according to Trump.

This department is not likely to launch as an official government department. Establishing an official government department requires an act of Congress.

Dogecoin price has seen a slight uptick in spring of this year and has soared since then. Cryptocurrency values for other digital coins have also been increasing since Trump's presidential victory last week.

In July, Trump announced at a bitcoin conference that he wants to make the US the "crypto capital of the planet."

The above is the detailed content of Dogecoin Soars After President-Elect Donald Trump Announces the Creation of the Department of Government Efficiency (DOGE). For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Who is the best digital currency exchange in the worldApr 22, 2025 am 08:51 AM

There is no "best" digital currency exchange, only the "most suitable" ones because everyone has different needs. 1. Newbies should choose simple and easy-to-understand exchanges, such as Coinbase. 2. Users who focus on security should choose Coinbase or Kraken. 3. Users who pursue rich trading options should choose Binance or Ouyi. 4. Users who like to trade derivatives should choose Bybit or Ouyi. 5. Users interested in new coins should choose Sesame to open the door.

What platform is PumpSwap? Which country is the PumpSwap platform from?Apr 22, 2025 am 08:48 AM

PumpSwap is a decentralized exchange launched by pump.fun, focusing on low-cost, cross-chain interoperability and Meme token trading. 1) Seamless token migration and transaction integration: deeply bound to pump.fun, tokens can be migrated to PumpSwap transactions for free. 2) Low cost and incentive mechanism: Provide zero-cost liquidity pool creation and handling fee sharing. 3) Cross-chain interoperability and multi-chain support: Through cooperation with TRON, SOL/TRX cross-chain transactions are realized, and the plan is to expand to Aptos and other chains. PumpSwap mainly serves the global crypto market and is a typical multinational blockchain project.

What are the digital currency trading apps suitable for beginners? Learn about the coin circle in one articleApr 22, 2025 am 08:45 AM

When choosing a digital currency trading platform suitable for beginners, you need to consider security, ease of use, educational resources and cost transparency: 1. Priority is given to platforms that provide cold storage, two-factor verification and asset insurance; 2. Apps with a simple interface and clear operation are more suitable for beginners; 3. The platform should provide learning tools such as tutorials and market analysis; 4. Pay attention to hidden costs such as transaction fees and cash withdrawal fees.

How to set stop loss in Ouyi Digital Currency App?Apr 22, 2025 am 08:42 AM

There are two ways to set a stop loss in the Ouyi Digital Currency App: 1. Set a stop loss on the trading page: Set a stop loss when opening a position or after opening a position. 2. Set stop loss on the specific position page: Click "Position", select the position, and set the stop loss trigger price and quantity.

Where to look at the ratio of long and short data in the currency circleApr 22, 2025 am 08:39 AM

The ten apps that can view the long-short data ratio in the currency circle are: 1. CoinMarketCap, providing comprehensive information; 2. Binance, trading platform, high liquidity; 3. OKX, world-leading, supports multiple trading; 4. TradingView, chart platform, rich technical analysis tools; 5. Kraken, European platform, high security; 6. Bitfinex, suitable for professional traders; 7. Bitstamp, stable and reliable; 8. Huobi, rich trading functions; 9. Coinglass, focusing on the contract market, friendly interface; 10. Delta, integrating market data, supporting long-short analysis.

How to make money in currency contracts? A list of tips for double contracts in the currency circleApr 22, 2025 am 08:36 AM

The core methods of profitability in currency circle contracts include: 1. Trend tracking and band operations, driving profit through technical analysis and news surface; 2. Arbitrage and hedging strategies, using cross-platform price spreads and options hedging; 3. Reasonable use of leverage, adjusting leverage multiples according to market fluctuations; 4. Risk control, setting stop loss and take profit and managing positions.

The latest inventory of the top ten digital currency exchanges in the world in 2025 and analysis of advantages and disadvantagesApr 22, 2025 am 08:33 AM

The top ten digital currency exchanges in the world in 2025 are: Binance, OKX, Gate.io, Coinbase, Kraken, Huobi, KuCoin, Bybit, Bitstamp and Upbit. 1. Newbie/institutional users should choose Coinbase and Kraken because of their strong security and compliance and transparency. 2. High frequency/derivative traders are suitable for use with Binance, OKX and Bybit, providing low rates and high liquidity. 3. Users who explore small currencies can choose KuCoin and Gate.io, but they need to pay attention to diversifying risks. 4. Users with localization needs can choose Huobi (Asia), Upbit (South Korea) and Bitstamp (Europe).

Top 10 virtual currency trading platforms with the lowest handling feeApr 22, 2025 am 08:30 AM

Binance spot trading fee is 0.1%, and holding BNB can be reduced to 0.025%; OKX rate is 0.1%-0.2%, with a minimum of 0.02%; Gate.io rate is 0.2%, with a minimum of 0.10%; FTX rate is 0.02%-0.05%, but has filed for bankruptcy; Coinbase Pro rate is as low as 0.05%, ordinary users; Kraken rate is 0.16%-0.26%, with a minimum of 0.10%; Bitfinex rate is 0.1%-0.2%, with a minimum of 0.02%; Huobi rate is 0.2%, with a minimum of 0.02%; KuCoin rate is 0.1%, with a minimum of 0.02%; Bithumb rate is 0.15%, with a minimum of 0.02%; Huobi rate is 0.2%, with a minimum of 0.02%; KuCoin rate is 0.1%, with a minimum of 0.02%;