TL:DR;
- Dogecoin price headed north again after the recent market-wide crash and rose from $0.345 to over $0.4 in a matter of minutes.
- This impressive rally came after reports emerged that the Musk-led Department of Government Efficiency (DOGE) had introduced the meme coin logo.
The official website of the Department of Government Effectiveness (DOGE) has gone live, showcasing the $DOGE logo. pic.twitter.com/f9aEhpCvM0
– MaxBull.eth.CNS (@CryptooRanger) January 21, 2025
Since it was announced during Trump’s pro-crypto presidential campaign, the new government department has become the talk of the town within the digital asset industry due to its obvious coin remark. largest and oldest currency.
The two people initially announced as responsible for the project were Elon Musk and Vivek Ramaswamy, but the latter decided to abandon the project and would have focus on becoming governor of Ohio.
Nonetheless, DOGE was officially announced yesterday during Trump’s inauguration speech, and its website now features the Dogecoin logo, unlike Page X (for now).
The price of the meme coin reacted immediately. The asset had dropped to $0.345 before the logo change, but exploded more than 15% in a matter of minutes to reach over $0.4. This became its highest price in the last two days.
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