Dogecoin Tumbles Despite Elon Musk, Vivek Ramaswamy’s ‘DOGE’ Appointment: This Is What Indicators Tell About Its Next Moves
Following weeks of relentless promotion, the Department of Government Efficiency (DOGE) is set to become a reality, potentially sending the price of Dogecoin (CRYPTO: DOGE) to unprecedented levels.
What happened: On Tuesday, President-elect Donald Trump appointed Elon Musk, the conceiver of the idea, and entrepreneur-turned-politician Vivek Ramaswamy to oversee the department, which aims to streamline federal bureaucracy and eliminate “excess” laws.
The duo immediately acknowledged the appointment and began divulging details about the incoming department.
Musk announced that all DOGE’s actions could be tracked online for “maximum” transparency.
“Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know,” the tech mogul added.
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