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Dogecoin Surges 93.7% in Seven Days as Trump Confirms Department of Govt. Efficiency

Nnaemeka OkwarabyNnaemeka Okwara
November 13, 2024
in Business & Finance
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Dogecoin Surges 93.7% in Seven Days as Trump Confirms Department of Govt. Efficiency
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Dogecoin, the most valuable memecoin in terms of market size, has become one of the main winners from the attention and excitement around Donald Trump’s re-election and his new Department of Government Efficiency (DOGE). The cryptocurrency has jumped by 93.7% in the last week and by an even bigger 122.6% in the past two weeks.

Dogecoin, which is often seen as a memecoin with a background in internet culture, has seen its rise partly because of Elon Musk’s early support and the ongoing buzz about the Department of Government Efficiency—a group that shares its initials with the cryptocurrency’s symbol, DOGE.

The Department of Government Efficiency is a new plan introduced by President-elect Donald Trump. Billionaire entrepreneur Elon Musk and former Republican presidential candidate Vivek Ramaswamy have been appointed to lead this initiative. Trump says the goal of this department is to make government work better by simplifying rules, reducing unnecessary regulations, cutting wasteful spending, and reorganising federal agencies.

Even though the Department of Government Efficiency isn’t an official government group, Trump said Musk and Ramaswamy will work as outside advisors. They’ll team up with the White House and the Office of Management and Budget to make these changes happen.

Trump talked about the big changes he wants from this plan during his announcement. He said, “This plan will simplify government rules, cut unnecessary regulations, reduce wasteful spending, and reorganise federal agencies to make the government work more efficiently.”

Tags: Department of Govt. EfficiencyDogecoinDogecoin Surges 93.7% in Seven Days as Trump Confirms Department of Govt. Efficiencyfederal characterNewstrump
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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