The recent surge in Dogecoin's price has been partly attributed to Donald Trump's proposal to create a "Department of Government Efficiency" (D.O.G.E.). This initiative aims to streamline government operations and reduce waste. The coincidence of the department's abbreviation matching the cryptocurrency's name sparked speculative interest and excitement among Dogecoin traders and enthusiasts. Elon Musk, a well-known Dogecoin supporter, added momentum to the narrative, increasing attention on DOGE in the market.

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