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Musk officially leads the Trump administration's efficiency department, Dogecoin soared nearly 20% Phoenix Network Technology 2024/11/13 11:16 Focus on the latest technology information and products, and provide in-depth and unique trend analysis.

From Beijing Trump used the word "DOGE" when talking about the government efficiency department, and DOGE is the token symbol of Dogecoin. Dogecoin Phoenix Network Technology News On November 13, Beijing time, after Trump announced that Elon Musk would lead the newly established "Government Efficiency Department" (DOGE), the price of Dogecoin soared nearly 20%, continuing the upward trend after the US election.

US President-elect Trump announced on Tuesday that Musk and American entrepreneur Vivek Ramaswamy will lead the newly established "Government Efficiency Department" to abolish bureaucracy, cut redundant regulations, reduce wasteful spending, and reorganize federal agencies for the new government.

Dogecoin is currently up 19% Trump used the word "DOGE" when talking about the Department of Government Efficiency, and DOGE is the token symbol of Dogecoin.

As of press time, Dogecoin has risen 19%. Since the US election day, the price of Dogecoin has risen 153%, while Bitcoin has risen 30% in the same period.

This week, Dogecoin also surpassed Ripple to become the sixth largest cryptocurrency by market value. Dogecoin is a type of Internet celebrity coin. Internet celebrity coins are seen as a barometer of retail investors' interest and risk appetite in the cryptocurrency market.

Increased trading activity of Internet celebrity coins usually means increased participation by retail investors, indicating that they are willing to speculate in higher-risk areas. #BabyMarvinf9c7牛市新星⭐