DOGE Surges 8% After Elon Musk Unveils Details Of Department Of Government Efficiency (D.O.G.E)
Dogecoin (DOGE) surged more than 8% in the last 24 hours after Elon Musk unveiled plans for a proposed “Department of Government Efficiency” (D.O.G.E), The billionaire founder of SpaceX and Tesla , speaking at a Pennsylvania town hall , shared his vision for the department, boosting DOGE’s price to $0.1343 as of 2:40 a.m. EST, its highest level since late July, according to CoinMarketCap. The idea for the department was originally proposed by Donald Trump, who said he would appoint Musk to lead it if he wins next month’s presidential election Musk Outlines Plans For Proposed D.O.G.E The proposed governmental department , abbreviated D.O.G.E., will aim to optimize government spending of taxpayer money. It will also try to streamline departments that handle spending. During the town hall, the tech mogul suggested the proposed department could operate in the same way as a company, incentivizing the department’s top performers while penalizing anyon...