### Dogecoin (DOGE) Position Surge, Market Discusses Trump and Musk's 'D.O.G.E.' Plan

Hey, blockchain enthusiasts! Today, let's talk about the latest developments regarding Dogecoin (DOGE). According to BlockBeats, on October 29, CoinDesk reported that the DOGE U-based contract positions surged from $850 million to $1.3 billion. This wave of activity is quite astonishing! As of this Tuesday, the coin-based contract positions have risen 33% since Sunday, reaching 8 billion DOGE, just 12% shy of the record of 9 billion DOGE in open contracts.

So, what exactly is behind this surge? Traders attribute this trend to Trump's rising approval ratings and his potential establishment of the 'Department of Government Efficiency' (abbreviated as 'D.O.G.E.'). That's right, you read that correctly, 'D.O.G.E.!' Previously, former U.S. President and Republican presidential candidate Trump stated he would establish the Department of Government Efficiency, and Elon Musk has agreed to lead the committee. This news has undoubtedly intensified the market's bullish sentiment towards Dogecoin.

Since April, traders' interest in Dogecoin (DOGE) futures has rapidly increased, nearing historical highs. According to CoinGecko, after Elon Musk appeared at a Trump rally and posted on X with a DOGE avatar, the price of DOGE surged 15% in the past 24 hours. This wave of activity is truly eye-catching, making one marvel at the undeniable synergy between Musk and Trump.

Of course, amidst such market dynamics, we must remain calm and rational. Even though the positions and price of Dogecoin are soaring, market volatility still exists. As investors chase hot trends, they should also pay attention to risk management to avoid blindly following the crowd.

So, dear readers, what do you think about this surge in Dogecoin? How much impact do you believe Trump's and Musk's 'D.O.G.E.' plan will have on the market? We welcome everyone to share your thoughts in the comments section and discuss this interesting topic together! 😄

In conclusion, regardless of how the market changes, maintaining rationality and calmness is our most important principle in investing. I hope everyone can find their own investment path in this market filled with opportunities and challenges. Looking forward to your wonderful comments!

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This news bulletin not only brings you the latest market dynamics but also encourages everyone to interact in the comments section. I hope you enjoy this lively and cheerful style, and I look forward to your active participation!