The recent surge in Dogecoin ($DOGE) is likely due to Donald Trump's announcement that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, nicknamed "DOGE" ¹. This new department aims to eliminate government bureaucracy, cut excessive regulation, reduce wasteful spending, and restructure federal agencies. Trump expects this initiative to significantly impact the country, likening it to the "Manhattan Project" of our time.
Interestingly, Dogecoin itself originated as a cryptocurrency based on the popular "Doge" meme, featuring a Shiba Inu dog ¹. The meme gained massive popularity in 2013 and became a cultural icon, with various merchandise, spin-offs, and even a monument dedicated to the dog in Japan.
