Elon Musk recently tweeted about the Department of Government Efficiency (DOGE), which led to a significant surge in the meme coin associated with this name. Within 24 hours, the coin's value increased by 4%, reaching $0.000005919 as of 6:40 a.m. EST.
This increase highlights the influence of Musk in the cryptocurrency space, particularly with meme coins like Dogecoin. His endorsement, even indirect, can result in a notable market reaction.
In addition to the price surge, the DOGE meme coin recorded impressive presale achievements, soaring past $20 million, creating a buzz and further interest in the coin, and positioning it as a potential rival to other popular meme coins like PEPE.
