In a wild twist for meme coin devotees, Dogecoin (DOGE) just tapped the rocket boosters. On Monday, DOGE kissed the $0.16 mark—its highest flight path in nearly five months, per CoinGecko. Though it has since touched down a bit at $0.157, the coin is still rocking a 12% gain, claiming the title of top performer in the crypto top 100.
So what’s turning the engine? A strange and spicy alliance between Tesla’s Elon Musk and ex-prez Donald Trump has Twitter X shaking. Musk, a die-hard DOGE maximalist, publicly threw his heft behind Trump’s campaign last week. And Trump? He responded by saying Musk could take the wheel in a new “Department of Governmental Efficiency,” aka the D.O.G.E. department. Now, could this acronymic coincidence actually be an easter egg for crypto heads, or is it just a nod and a wink to his memelord fanbase? Either way, this crypto powerhouse duo is sending DOGE’s followers into a fever.
Musk’s “D.O.G.E.” Gambit Ignites the Dogecoin Hype Train
The DOGE rally didn’t stop there. Musk rolled into Trump’s massive rally at Madison Square Garden on Sunday and claimed that his potential new “D.O.G.E.” gig could shrink the U.S. budget by a cool $2 trillion. As the rally crowd roared, Musk’s meme-laden antics sent Dogecoin whales scrambling to stack up tokens, juicing the coin’s climb even more. When the “D.O.G.E.” rumor hit the X-verse, it triggered a FOMO frenzy that blasted DOGE above the clouds.
And it’s clear Musk’s love for DOGE runs deep. From viral tweets to in-jokes and teases across his mega-empire, the billionaire’s history with DOGE is well-documented. Back in the 2021 bull cycle, he shot the asset sky-high, and every “to the moon” whisper since has stirred die-hards back into the ring.
Dogecoin: Born as a Meme, Rising Like a Phoenix
Dogecoin may have started as internet satire, but Musk has minted it into something formidable. Today, DOGE sits as the ninth-largest coin by market cap, outgrowing its “joke” label and becoming a staple on exchanges worldwide. Once a playground for giggles, DOGE is now eyed by those who think “real money” should come with a Shiba Inu logo.
Yet, even with Musk’s megaphone, DOGE still trails far behind its $0.73 all-time high from 2021. For its faithful hodlers, that peak remains the ultimate target—though they know that in the meme-coin game, there are no guarantees, just vibes, whales, and maybe, now, even a D.O.G.E. department.
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