Dogecoin Could Explode to 4$ After Elon Musk Says DOGE Has Real Potential

American billionaire Elon Musk’s statement on Saturday sent a ripple through the broader cryptocurrency market. Dogecoin saw a sharp rise in bullish sentiment as Musk said . “I’m starting to feel that Dogecoin has real potential” regarding the Ministry of Government Efficiency… D.O. However, the price of Dogecoin continues to move sideways after surging more than 200% in a single month.

Elon Musk Sparks Optimism in Dogecoin Fans with D.O.G.E

In an official post on X on November 16, Elon Musk sparked a major market debate with his bullish sentiments towards the Ministry of Government Efficiency. Notably, after the CEO of Tesla & SpaceX was appointed as the head of the said ministry alongside ..

Ramaswamy . This statement did not come as a surprise to the masses nationwide.

The Department of Government Efficiency is expected to introduce a major overhaul of the US government, according to the agency’s X account. Meanwhile, it is worth noting that Musk’s appointment as the entity’s chairman comes on the heels of Republican Donald Trump’s re-election as the 47th US president. Overall, the announcement has gained significant momentum across the industry as Musk has previously been a vocal advocate for Dogecoin, drawing attention to the government department it is named after.In contrast, meme coin has gained significant attention.