The current market has entered a small rotation start-up state
First from sui to artificial intelligence, and then to doge, the sectors that followed also rose slightly, and could not play a big leading role.
Take Dog as an example. This position also gives it nearly 30% space to operate. This is still not enough to achieve the effect of a bull market. Be more patient and it will be there soon.
Thursday night was undoubtedly a carnival moment for Dogecoin holders. With the help of Musk, the price of Dogecoin soared like a rocket, successfully breaking through the 13 cents mark. This increase not only surpassed mainstream digital currencies such as Bitcoin, but also made Dogecoin a star in the market. Behind this, it is inseparable from Musk's passionate speech during the campaign.
Musk, the entrepreneur known as the "Iron Man of Silicon Valley", has always been a loyal supporter of Dogecoin. He not only frequently mentioned Dogecoin on social media, but also supported it in public many times. This time, he closely linked Dogecoin with his political ambitions and proposed an unprecedented plan - the "Department of Government Efficiency" (DOGE). The goal of this plan is to improve the efficiency of the government's use of taxpayer funds, while streamlining the departments responsible for spending to make government operations more efficient and transparent.
When Musk used his charming voice to describe the beautiful vision of the "Ministry of Government Efficiency" at the town hall meeting, the audience and netizens in front of the screen were deeply attracted. They seemed to see a brand new form of government, a government that can truly serve the people. And all of this is closely related to Dogecoin. Because the abbreviation of this plan is DOGE, the English abbreviation of Dogecoin.
This coincidence undoubtedly added more impetus to the rise in the price of Dogecoin. Investors rushed into the market to buy Dogecoin, hoping to get a share of this wave of growth. And the price of Dogecoin continued to rise under the pursuit of everyone, creating new highs one after another.
Behind this carnival, there are also some unknown concerns. Musk's support for Trump and the potential political impact of the DOGE plan have made some people worry about the future of Dogecoin. They are worried that once Trump wins the election, Dogecoin may become a tool for political struggle and be involved in a complex political vortex. Such a result is undoubtedly a huge hidden danger for the long-term development of Dogecoin.
But despite this, there are still a large number of investors and enthusiasts who are confident in Dogecoin. They believe that Musk's "Government Efficiency Department" plan is a forward-looking and innovative idea. If it can be implemented, it will greatly improve the efficiency of government operations and bring more welfare to the people. As a symbol and carrier of this plan, Dogecoin will also gain more attention and recognition.
In this Dogecoin carnival triggered by Musk, some people have become unexpected beneficiaries. They are investors who hold other digital currencies related to Dogecoin. For example, the meme ecosystem project inspired by Musk's pet dog - floki (FLOKI). With the popularity of Dogecoin, the price of floki has also risen, becoming a new and highly watched digital currency.
In general, Musk's speech at Trump's campaign not only caused the price of Dogecoin to soar, but also made the entire cryptocurrency market boil. This digital currency carnival triggered by Musk not only demonstrated the huge potential and vitality of the digital currency market, but also let us see the close connection between digital currency and politics, economy and other fields. In the future, with the continuous development and popularization of digital currency, we may see more such moments full of suspense and surprises.
