Elon Musk Hints at Government Role Under Trump, Sparks Dogecoin Surge
Key Points:
1. Musk’s “DOGE” Role Confirmation: Elon Musk posted about taking on a “Department of Government Efficiency” role if Trump wins the 2024 presidential election, hinting at a potential cabinet position.
2. Dogecoin Price Reaction: Following Musk’s announcement, Dogecoin jumped over 5%, reflecting Musk’s strong influence on the meme coin’s market behavior.
3. Trump’s Economic Criticism: Trump targeted Kamala Harris’s tax policies in his recent speech, linking his stance to broader economic concerns and contrasting with Musk’s efficiency agenda.
4. Market Speculation: Musk’s involvement in politics has sparked speculation on potential future gains for Dogecoin, with market analysts closely watching for any further developments.
5. Current Dogecoin Trends: Dogecoin’s price saw an intra day peak of $0.09777, with futures open interest showing slight upward momentum, indicating growing market interest.
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