Dogecoin Powers To 7-Month High As Investors Anticipate Musk-Headed DOGE Department Under Trump

Popular dog-themed meme cryptocurrency, Dogecoin (CRYPTO: DOGE), soared on election night amid heightened expectations of an Elon Musk-touted Department of Government Efficiency (DOGE) under the new Donald Trump administration.

What happened: The original meme coin exploded more than 25% in the last 24 hours to $0.20, the highest it has been in the last seven months. 

DOGE’s trading volume spiked 117% to over $6 billion, making it the third-most traded cryptocurrency in the last 24 hours, behind Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:

Full story available on Benzinga.com