PANews October 18 news, according to CoinDesk, Dogecoin (DOGE) rose in the U.S. after hours on Thursday as entrepreneur Elon Musk further disclosed his proposed "Department of Government Efficiency" plan at the Pennsylvania Town Hall. The event encouraged early voting in key states where Republicans and Democrats are evenly matched. The proposed department, abbreviated as DOGE, will seek to improve the efficiency of the government's use of taxpayer funds while streamlining the departments responsible for spending. Musk said at the town hall meeting on Thursday that the proposed department could operate like a company, rewarding those who perform well and punishing those who fail to achieve results. Crypto traders expect that Trump's victory may trigger more discussions about "Dogecoin", and if Dogecoin really becomes part of the government, it will stimulate retail investors' attention and interest in Dogecoin in the future.

Coingecko data shows that the price of DOGE token is currently $0.1333, with a 24-hour increase of 8.6%.