{Doge coin} Elon Musk continued his vocal support for Dogecoin, a cryptocurrency he frequently influences. Recently, he has linked Dogecoin to the Department of Government Efficiency (D.O.G.E.), a government reform initiative led by him and Vivek Ramaswamy. This initiative aims to simplify bureaucracy and reduce government spending, generating optimism about Dogecoin’s future value as its symbolic association with efficiency gains traction.

Additionally, the Dogecoin Foundation is advancing its "Dogebox" project, which encourages businesses to adopt Dogecoin for payments. These initiatives, combined with Musk's backing, have analysts predicting significant price movements for Dogecoin in the coming weeks.