DOGE Gains Momentum as Musk, Ramaswamy Unveil Game-Changing Reform Proposals

Dogecoin Rallies Amid Musk-Led Government Reforms: DOGE surges 10% as Musk and Ramaswamy prepare to slash $2 trillion in federal spending.
Analysts Predict DOGE Breakout: With bullish chart patterns and bipartisan support for reforms, DOGE could soar to $2.2 in the coming months.
In the latest development, House Speaker Mike Johnson has confirmed that Musk and Ramaswamy will meet Republican House and Senate members on December 5. They are heading to Capitol Hill next week to present key reform proposals of the Department of Government Efficiency (DOGE).
After the crypto community’s much-sought-after Trump victory, Elon Musk and Vivek Ramaswamy were picked to lead the newly formed Department of Government Efficiency.
They aim to slash federal spending by $2 trillion. Notably, Bitcoin showed an impressive rally towards $100,000 and DOGE hit a three-year high price after a Trump victory.
Dogecoin had surged over 10% after U.S. President-elect Donald Trump revealed that Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the DOGE.
DOGE Gains Bipartisan Interest
Trump has noted that the DOGE will lead the way for the administration to dismantle governmental bureaucracy, ease out the excess regulations, cut expenditures, restructure federal agencies and more.
Notably, the Department Of Government Efficiency (DOGE) will propose key proposals to reform government regulations and agencies. Analysts Dogecoin price could breakout above $1 and move further with a massive rally to $2.2.
Rep. Ro Khanna, D-Calif., and Sen. Joni Ernst, R-Iowa, are rallying support for President-elect Donald Trump’s Department of Government Efficiency. The bipartisan interest in DOGE underscores growing momentum for cutting federal spending and increasing accountability in government operations.
Besides, DOGE has also drawn support from a growing roster of private-sector leaders, including venture capitalist Marc Andreessen, hedge fund manager Bill Ackman,and former Uber chief executive Travis Kalanick.
“We are entrepreneurs, not politicians. We will serve as outside volunteers, not federal officials or employees. Unlike government commissions or advisory committees, we won’t just write reports or cut ribbons. We’ll cut costs,” noted Musk and Ramaswamy in an op-ed for the Wall Street Journal.
Musk’s activities and statements around political circles has grown increasingly, and he has even broadly stated that he would be firing some federal employees when Trump takes over.
However,critics have raised concerns about the transparency and oversight of DOGE, due to its reliance on private-sector volunteers rather than traditional government officials.
Musk Highlights Impact Of Biden’s AdministrationIn a latest X post, Musk has highlighted how Biden administration has impacted economic and business growth.
Ramaswamy and Musk have slammed the government as people and businesses were debanked forcibly. Crypto executives, including David Marcus, who led Facebook’s Libra project, revealed how the government politically killed Diem stablecoin.
Amidst the latest developments, Analyst Bluntz Capital has predicted a 420% surge for Dogecoin price to $2.2. Another top analyst, Rekt Capital, noted that Dogecoin price chart formed an ‘ascending triangle’ pattern on the daily chart, implying that it could enjoy another round of money flow.
He further added that DOGE needs to close the week above $0.43 to confirm a breakout to $1. Notably, DOGE is already forming a ‘golden cross’ on the 4-hour chart, which could trigger a rally to $2.
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Dogecoin’s New All-Time High Is Just Around The Corner – Here’s How Close We Are

Following a recent resurgence in the general market, Dogecoin has begun to display upside momentum toward higher price levels, which has rekindled optimism about its potential to surpass its previous all-time high and set a new peak in the ongoing market cycle.
A Leap Towards New All-Time High For Dogecoin
Delving into Dogecoin’s current price action, seasoned market expert and investor Master Kenobi has underscored DOGE’s path to a new all-time high while offering a potential time frame for the milestone.
As the crypto community awaits this historical moment, the market expert claims DOGE hitting a new peak is much closer than widely expected.
Master Kenobi’s prognosis is based on aligning events roughly two months ahead between this current cycle and the previous one. “Back then, the start was on November 3, 2020, while this time it kicked off on September 2, 2024,” he added.
Given that Master Kenobi’s long-term forecast for Dogecoin for the past 1.5 years has come to pass, he is confident that what comes next will likely fit into the rest of his expectations. As a result, the analyst claims that the dog-themed meme coin is at most two weeks away from reaching a new all-time high, particularly between December 2 and 9, considering the weekly chart of DOGE.
While several members of the community may express disbelief in this prediction, Kenobi has drawn attention to the last two market cycles where Dogecoin saw a breakout to past peaks, suggesting that history might repeat itself and DOGE could experience a massive breakout from the green trendline to the orange line as indicated in his chart.
Since the expert is confident about Dogecoin hitting a new all-time in the following weeks, he has expressed his robust contentment with historical price trends as they are the only trustworthy resource to get a glimpse of DOGE’s future.
Meanwhile, following its rally, Kenobi anticipates the next target halfway of the orange line positioned at the $2.90 level or double the previous all-time high price, which would put the meme coin between $1.40 and $1.45 in the coming weeks.
With optimism brewing and DOGE gaining traction across various sectors, traders and investors are closely watching for more signs of a sustained upward direction in anticipation of a significant rally to new highs akin to past trends.
DOGE In A Consolidation Phase?
In the past few days, DOGE has fluctuated between the $0.36 and $0.42 levels, sparking speculations of a possible consolidation phase. Given the renewed strength in the market, DOGE’s trend within the range may be brief, as the current momentum could bolster the meme coin’s uptrend.
Dogecoin is displaying upside potential, rising by 1% in the past day despite a decline in its daily trading volume. Meanwhile, in the larger view, such as the weekly and monthly time frame, the meme coin has increased by over 4% and 141%, respectively.
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Could Dogecoin Reach $1 by 2025? Here’s What Might Propel It

The Dogecoin (DOGE) market witnessed several roadblocks after its latest rally. The asset surged to a high of $0.4775 earlier this month, which further led to the community betting on DOGE reaching $0.50 or more.
But now, Dogecoin was taking a backseat. The foundation behind the meme coin could be trying to boost the price of the asset.
Dogecoin Foundation Seeks Donors, Here’s Why
To expand the community through further network development, the Dogecoin Foundation has requested an undisclosed sum. According to the Dogecoin Foundation’s X post during the weekend, developers are looking for a few significant sponsors in 2025.
This is to aid finance initiatives to promote widespread adoption. The funds will reportedly be used to develop Dogebox. This is a decentralized payment system designed to empower small and medium-sized enterprises.
The Dogecoin Foundation said,
“Going into 2025 the Dogecoin Foundation is seeking to continue the open-source work we’ve been doing, especially through the new Dogebox Decentralized Infrastructure System which is the culmination of development across many projects, and the vehicle we envisage for on-boarding the first million grass-roots retailers to accept Dogecoin as a direct payment layer.“
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