Following Donald Trump‘s victory in the election and subsequent appointment of Elon Musk to the fresh Department of Governmental Performance, the memecoin’s worth has increased.
Musk’s effect on the bitcoin has been well-documented, and the most recent boom began Oct. 15 when Musk posted on X that” D. O. G. E does fix it” in response to a blog grieving politicians and bureaucrats as” the greatest threat to human development”.
Expand intends to reduce both wasting and staffing in government. Whether or not they have the power to do so is a mystery.
October is even when Musk grew closer to Trump’s plan and appeared at the president-elect’s next Butler, Pennsylvania, protest. Following his first death attempt at Butler in July, Musk endorsed Trump.
From Oct. 15 to Oct. 19, the gold increased from.11 percent to.14 percent before settling until Election Day. It increased to.20 percent on the news of Trump being elected president. Since November 10, the value of the crypto has increased to its highest level since Musk’s appearance on Saturday Night Live in May 2021.
He resisted making certain comments about the X crypto until a publish on Wednesday showed him making comments about the coin’s inflation.
” I think the level prices of Dogecoin, which means decreasing percent prices, is a feature, never a bug”, he said. On Tuesday evening, he also uploaded a picture of a dog and the name of the new division.
— Elon Musk ( @elonmusk ) November 13, 2024
The software tycoon has recently been accused of influencing Dogecoin’s market. Musk and Tesla successfully disputed a federal lawsuit that claimed they had fabricated the crypto and engaged in insider dealing in August. As Musk was charged with, a judge decided that some of his remarks were “aspirational and puffy, never scientific and prone to being falsified.”
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Musk stated in a post on X in 2021 that he has n’t sold any of the cryptocurrency and will in the future.
Former national member Vivek Ramaswamy may join the tech mogul at DOGE.
