Musk’s DOGE Role Boosts Dogecoin As Brian Armstrong Shows Support
Posted On November 17, 2024
The recent announcement of billionaire Elon Musk taking the helm of a new government agency, the Department of Government Efficiency (DOGE), has sparked a significant surge in the price of Dogecoin (CRYPTO: DOGE).
What Happened: Last week President-elect Donald Trump unveiled that Musk and entrepreneur Vivek Ramaswamy would lead the new department, with a mission to cut government spending and regulations. Following this revelation, Dogecoin’s price hit a yearly high of $0.39.
Coinbase CEO Brian Armstrong voiced his support for the DOGE agency on X on Sunday, …
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