In a post, Tesla CEO Elon Musk reiterated his support for U.S. presidential candidate Donald Trump and his favorite cryptocurrency, Dogecoin (DOGE). The post also mentioned Trump's proposed plan for a government efficiency commission headed by Musk if re-elected.

Musk spoke out about his DOGE idea on X, saying that the Department of Government Efficiency (D.O.G.E.) would be “massive.” This appears to be the first time the world’s richest man has mentioned the DOGE token and Trump in the same conversation.

Most of Musk's recent attempts to revive Dogecoin's price surge have ended up being less than desirable.

Elon Musk and Donald Trump team up

Musk shared a poster on X that showed Musk and Donald Trump posing in front of the White House wearing cool sunglasses. However, during the Trump post, Musk introduced Doge in what many saw as a ploy to reignite the memecoin craze on social media.

At a rally in Michigan on Friday, Donald Trump said he would make Elon Musk the country’s “cost-cutter” if elected. “I’m going to pick Elon and he’s very good at it, he’s going to be our cost-cutter,” he declared. Trump believes Musk would not be able to take on the role full-time because of his rocket launches.

The former president mentioned that Elon would not do this job for financial gain, instead he wants to see the country become great and he will do it. The latest move on the Tesla CEO's poster comes after this new incident in which he appears to confirm Trump's statement.

Can DOGE Take Center Stage?

The introduction of DOGE or Dogecoin in the election campaign is not a surprise to the crypto community. It is one of those moves that anyone following the campaign could have predicted.

“Digital assets” are one of the hot topics in the 2024 US election. Elon Musk endorsed Donald Trump in the presidential race and Trump chose Musk to head the cost-cutting agency, paving the way for DOGE to rise in price.

Musk has promoted Dogecoin through a variety of platforms. In 2022, he announced that his company would accept the dog-themed memecoin as payment for rides on Las Vegas' Loop public transit system. Meanwhile, Tesla has accepted DOGE for some items.

Dogecoin is up more than 22% in the past 30 days. However, the price is down 5% in the past 60 days.

DOGE price increased slightly after Musk posted the poster on X. Dogecoin is trading at an average price of $0.12 as of writing. The price is down 83% from its all-time high of $0.73 recorded on May 8, 2021.