The price of Dogecoin (DOGE) has experienced a significant rise, going up by 9% within the past day. This increase can be attributed largely to Elon Musk’s promotion of the Department of Government Efficiency. Elon Musk’s influence on the market, especially on Dogecoin, continues to impact investor sentiment and price movements.
Investors are closely monitoring DOGE’s performance in anticipation of further developments that may result from Musk’s endorsements. The relationship between Musk’s actions and Dogecoin’s market behavior remains a key focal point for analysts and traders alike.
