Elon Musk And Vivek Ramaswamy are expected to address members of the US Congress on Thursday about their plans for the Department of Government Effectiveness (DOGE)drawing the attention of the crypto community to Dogecoin DOGE/USD.
What happened: Crypto trader Bluntz encouraged his followers to position themselves in “either DOGE,” referring to Dogecoin and the DOGE meme coin on Ethereum ETH/USD ahead of Thursday’s discussion, hinting at the potential for significant price action following the event.
The DOGE community expects this event to be a watershed moment, with implications for taxpayers and government efficiency.
The debate could potentially highlight divisions between those who defend taxpayer interests and those who defend bureaucratic traditions.
The crypto community is full of bullish speculation on meme coins:
Influential trader Unipcs see catalysts for DOGE alignment, driven by the DOGE narrative. He predicts the eventual surge will seem inevitable in hindsight.
Read also: Dogecoin’s “Insane” 165% Growth in November Is “Just the First Candle,” Traders Speculate
Why it’s important: The upcoming discussion could serve as a major catalyst for Dogecoin and DOGE prices. Over the past month, DOGE has risen 682.3%, outperforming Dogecoin’s 182.9%, fueled by optimism surrounding Donald Trump’s election prospects and their potential impact on meme coins.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Department of Government Effectiveness (CRYPTO:DOGE) | $0.3082 | $301.8 million | +15% | +43.5% |
| Dogecoin DOGE/USD | $0.4084 | 60 billion dollars | -3% | +8.4% |
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