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DOGE Unleashes Market Chaos as Musk and Trump Drop “D.O.G.E.” Hints

Dogecoin (DOGE) ripped through the charts, pinging off a $0.21 peak on U.S. Election Day, pushing the meme coin fanatics into frenzy mode. Fueled by Elon Musk’s cryptic nods and ex-prez Donald Trump’s full-throttle support for the crypto scene, DOGE clocked a seven-month high. With a dizzying 30% boost in the last 24 hours and a 20.6% leap this week, per CoinGecko stats, DOGE muscled its way past Ripple (XRP), snatching the #7 slot with a hefty $30 billion cap.

Created as a joke in 2013, Dogecoin defies every rulebook, spiking whenever Musk tosses a hint. Now, with the election buzz, Musk and Trump’s teasers around a “Department of Government Efficiency” (D.O.G.E.) cranked up DOGE hype to new levels. Though DOGE sits way below its all-time high of $0.73 from May 2021, this Election Day pump has meme-coin diehards pumped — proof that DOGE lives on the hype rollercoaster.

Musk, Trump and “D.O.G.E. Dept.” Stir Up Speculation

Days before the election, Musk and Trump played the “D.O.G.E.” card, hinting that a Trump-led government could carve out a spot for the meme coin. While Vice President Kamala Harris has kept tight-lipped on crypto, Trump went loud, hyping himself as crypto’s savior. This “D.O.G.E. Dept.” chatter started as a side joke, but the community saw it as more than a meme. In the frenzied coin markets, traders called this move the “Trump trade,” betting the election could spin crypto policy in their favor.

Back in 2021, Musk’s tweets rocketed DOGE to new highs. Now, this nod toward D.O.G.E., with Trump’s re-election dreams in the mix, gave meme lords fresh fuel. Even with Musk downplaying his crypto moves recently, his wink toward leading the “D.O.G.E.” concept kept the speculation ticking.

Bitcoin’s Fresh High Stirs Altcoin Waves

The DOGE rally isn’t a lone act — Bitcoin (BTC) itself hit an all-time record of $74,504 on Election Day. This wave stems from wild anticipation around Bitcoin ETFs and the election’s crypto-friendly buzz. Josh Gilbert, eToro’s market maven, noted, “This bull market has a lot of weight behind it, and that could keep driving the asset higher.” With Bitcoin soaring, altcoins like DOGE are feeding off the hype, riding high with their big brother.

For Dogecoin’s fanbase, this election chaos proves DOGE’s hold on crypto culture. When Musk and Trump call the shots, the market doesn’t blink — it flips, and DOGE still shocks.