🐶Dogecoin (English name: Dogecoin) is based on the Scrypt algorithm and is the second largest virtual currency in the world after Bitcoin in terms of number of users. It is a cryptocurrency in the field of digital currency. It was created on December 6, 2013 by IBM software engineer Billy Markus and Adobe engineer Jackson Palmer. The original intention was to satirize the market hype of Bitcoin and other cryptocurrencies and create this token.
On Reddit, the fourth most visited discussion site in the world, Dogecoin has more than 100,000 fans. Although it is not as good as Bitcoin’s millions of fans, it has already entered the “100,000 Fans Club” that includes Ethereum, Litecoin, Ripple, and Monero.
The transaction process of Dogecoin is more convenient than that of Bitcoin. The confirmation time of Dogecoin is only 1 minute, while BTC takes 10 minutes. In addition, there are more Dogecoins, the price is low, the transfer speed is fast, and it is suitable for online rewards, which is more convenient for the public's psychological needs and makes it more convenient for popular development.
There are three more popular reasons:
First, it has a good cultural background - tipping culture. Dogecoin, as an electronic currency, was born on December 12, 2013. It became the second largest tipping currency within just one week of its launch. Many people participate in Dogecoin transactions not for speculation, but as a way to express sharing and gratitude.
Second, it has a good humanistic background - charity culture. Dogecoin has been widely used in charity. After helping the Jamaican bobsled team and three Indian athletes to embark on the journey to the Sochi Winter Olympics, the "Doge4Kids" charity fundraising event donated all the proceeds to the 4 Paws For Ability charity. It is understood that the Dogecoin Foundation has sponsored another 30,000 US dollars to solve the Kenyan water crisis. This has to be said to be another charitable event done by Dogecoin that deserves praise. In addition, according to news, the Dogecoin Foundation has also funded a car race recently.
Third, the popularity index is relatively high. Data shows that the number of followers of Dogecoin in the Reddit community exceeds 75,000, far exceeding LTC, while BTC has only 120,000 followers in five years. It is widely used to support a large number of foreign websites to accept BTC payments while supporting Dogecoin payments; a proof of trading volume. Since its launch, the trading volume of Dogecoin on C.com has always ranked first, exceeding the trading volume of all other altcoins including Litecoin. Large trading volume and good liquidity are an important value embodiment of the existence of virtual currency.
Government Efficiency and DOGE Godfather: Musk
The name of the department, "DOGE", was actually a response from the community on X that Musk could serve as the Department of Government Efficiency (Department of Government Efficiency), abbreviated as DOGE. Musk saw the name on the X platform and thought it was very suitable, saying it was a perfect name and adopted it directly.
After becoming president, Trump will abolish a federal bureaucracy and create a department for himself to serve the government. This department is called: 🐶 DOGE (Department of American Government Efficiency). Trump said it could become the (Manhattan Project) of our time. Finally, he said that their work will be completed no later than July 4, 2026. Bringing a smaller, more efficient, and less bureaucratic government will be the perfect gift to the United States on the 250th anniversary of the (Declaration of Independence).
Friends in the B circle all know that this is the Dogecoin DOGE (from the US election on November 5 to November 13, Dogecoin increased by 128%, and its current market value has exceeded 63 billion US dollars, ranking sixth in market value).
Musk and Vivek Ramaswamy were selected as the heads of the department. Musk, with his successful experience in companies such as Tesla, SpaceX and Neuralink, is considered to be able to promote the digital transformation of government departments and optimize work processes. Ramaswamy enjoys a high reputation in the business and political circles and is responsible for internal management and external coordination to ensure that reform measures can be smoothly implemented. Trump said: This department will provide advice and guidance from outside the government, and will work with the White House and the Office of Management and Budget to promote large-scale structural reforms and create an unprecedented way of government entrepreneurship.
Musk claimed that he would cut more than 400 federal government agencies to less than 100, and set a goal of cutting government spending by $2 trillion (the department is mainly focused on streamlining the government, eliminating government bureaucracy, improving government efficiency, cutting excessive regulation, and cutting government spending, targeting the government's long-standing massive waste and fraud).
November 14 news: Vivek Ramaswamy, who co-leads the Government Efficiency Department with Musk, posted that July 4, 2026 is the 250th anniversary of the founding of the United States, and DOGE will give our country a birthday gift, a government that is truly responsible to the people. Musk retweeted his tweet and replied (Yes).
News on November 14: The official X account of the government efficiency department led by Musk and Vivek Ramaswamy has been launched. It is worth noting that the handle of the account is @DOGE
Musk’s past history of pushing DOGE:
At 4 a.m. on February 4, 2021 (US time), Musk sent several tweets in support of Dogecoin.
There is no high or low, only Dogecoin.
（No highs, no lows, only Doge）
Dogecoin is the people's cryptocurrency.
（Dogecoin is the people’s crypto）
You don’t need to be rich to have it.
（No need to be a gigachad to own）
As a result, Dogecoin rose by more than 80% in a short period of time in 24 hours.
Musk's history of "calling orders" for Dogecoin:
As we all know, Musk has always been an avid fan of Dogecoin and has been "calling" Dogecoin on X for many years.
On April Fools' Day 2019, the official Twitter account of Dogecoin posted a poll, asking netizens to vote on "who is the most suitable CEO of Dogecoin". The candidates included Ethereum founder Vitalik Buterin, Litecoin founder Charlie Lee, Tesla's Elon Musk, and Metal Payment CEO Marshall Heiner. Everyone knew that this was an April Fools' joke, because cryptocurrency is decentralized and does not need a CEO, but most people still voted for Musk.
Musk then tweeted that Dogecoin was his favorite cryptocurrency, and changed his Twitter homepage profile to "CEO of Dogecoin."
At the end of 2019, Musk sent an extremely short tweet: "One word: Doge."
On April 3, 2020, Musk tweeted: "The value of Dogecoin may vary." Musk changed his Twitter profile to the former CEO of Dogecoin. (24-hour increase of 13.2%)
On July 19, 2020, he tweeted about Dogecoin: "Is Dogecoin really a valid form of currency?"
At 17:30 on December 20, 2020, Musk tweeted "DOGE".
On January 29, 2021, Musk's Twitter profile changed to Bitcoin. At the same time, Musk also said, "In retrospect, this was inevitable."
On February 1, 2021, Elon Musk said in a live broadcast on Clubhouse: Bitcoin is a good thing. I am a supporter, but I should have bought Bitcoin 8 years ago. I am late to this feast. Bitcoin is about to be widely accepted. It will be an interesting result for Dogecoin to become the world currency.
On May 10, 2021, SpaceX said it would launch the Multiflag-1 lunar landing program in the first quarter of next year, and Master's commercial rocket company will take over Dogecoin as a means of payment. (Daily increase of 0.59%)
On May 11, 2021, Musk initiated a vote on Twitter, asking whether he wanted Tesla to accept Dogecoin as a payment method.
On May 16, 2021, Musk tweeted that for those who are not good at math, increasing transaction volume by 100 times while reducing fees by 100 times means that the total fees remain the same. To become the currency of the earth, low fees and high transaction volume are required.
On January 14, 2022, Tesla began accepting Dogecoin as a payment option for some of its US online products.
On April 10, 2022, Ma asked whether Twitter subscriptions can be paid with Dogecoin?
There are many more among them, I won’t list them one by one☺️
On October 31, 2024, Musk wrote that our system has been subverted to make it difficult for highly qualified people to enter the United States legally, while criminals can easily enter the United States illegally. Why is it easier to enter the country illegally than legally? Trump and DOGE (Department of Government Efficiency) will solve this problem.
From past history, we can see that every time Musk comes out to call for support for Dogecoin, the price of Dogecoin will fluctuate violently and rise rapidly.
Can the Government Efficiency Department achieve results under Musk's leadership and complete his established goals? In the article, we mentioned that the Government Efficiency Department is mainly to streamline the government, eliminate government bureaucracy, improve government efficiency, cut excessive regulation, cut government spending, and target the government's long-term waste and fraud. In fact, this department is definitely not popular with everyone (you want to cut people's expenses, improve their work efficiency, and lay off employees). The more you stir up, the more attention you will definitely receive. We all know that Dogecoin is the leader of Meme culture, and its essence is narrative and traffic. The more things the Government Efficiency Department does, the more controversy and right and wrong it has, and the more exposure it has, which will bring good traffic and stories to DOGE, and it is not impossible for the price of DOGE to grow rapidly to $1 or higher.
Let us look forward to the moment when DOGE leads a group of zoo animals to soar into the sky.
