What influence does Trump appoint Elon Musk to his cabinet as D.O.G.E?

[Zerologic]

As news scattered that Trump has appointed Elon Musk as head of the Department of Government Efficiency (DOGE), this role seems to be in line with Musk's love for the meme coin DOGE, so that the term DOGE coin is often going to the moon because of Musk's influence in his tweets.

So how will Musk influence the DOGE coin in the future? Is it possible to bring this meme coin to jump $1? Currently, DOGE's value has risen more than 100%, even overtaking Bitcoin, which has increased by less than 100%.

Elon Musk's Doge support doesn't seem to be over yet. Musk has stated several times that he is interested in developing Dogecoin further. In fact, he proposed an update that could make Dogecoin more efficient and faster to use in daily transactions.

Musk has collaborated with the Dogecoin development team to optimize the Dogecoin system, making it more competitive compared to other cryptocurrencies. This news might increase support for DOGE. However, the market always has pros and cons, currently the Fear and Greed indicator has shown a value of more than 85, which means there is a possibility of a reversal if the value is close to 100 when investors take large profit-taking actions that can push prices to drop further.

 

[Simon54]

After Trump’s win in the US election, I felt pretty confident that Musk unique support for Trump, along with his influence, would lead to some major returns. Not only did his involvement in the US cabinet as the D.O.G.E. play a role, but both Dogecoin and Tesla shares skyrocketed following his victory. For Dogecoin in particular, I believe there’s a strong chance it could surpass $1 by January, especially with Trump moving back into the White House. Keeping an close eye.

 

[Zerologic]

Even though some people around Musk may not like Musk's attitude in the Trump administration, it seems that having Elon Musk in Trump's cabinet could contribute greatly to future crypto regulations allowing for more relaxed.

 

[Simon54]

Even though some people around Musk may not like Musk's attitude in the Trump administration, it seems that having Elon Musk in Trump's cabinet could contribute greatly to future crypto regulations allowing for more relaxed.

I completely agree! Elon Musk could be the key figure the cryptocurrency world needs. With his influence and vision, I think we can expect a surge in the market, especially starting in January when Trump begins his second presidential term. I have a strong feeling that there are many exciting developments in the pipeline that could change the crypto world forever.I'm really looking forward to seeing how everything unfolds and the impact it will have on the market.

 

[Zerologic]

I completely agree! Elon Musk could be the key figure the cryptocurrency world needs. With his influence and vision, I think we can expect a surge in the market, especially starting in January when Trump begins his second presidential term. I have a strong feeling that there are many exciting developments in the pipeline that could change the crypto world forever.I'm really looking forward to seeing how everything unfolds and the impact it will have on the market.

Maybe so, however, in the cabinet, I think there will be pros and cons, Elon Musk's role from the campaign until Trump became president could be dominant, but on the other hand, there will be people who don't like Musk style so in making decisions they will consider many things. Bitcoin is currently worth almost $100k, this value is even trending on the X platform.

 

[Simon54]

Maybe so, however, in the cabinet, I think there will be pros and cons, Elon Musk's role from the campaign until Trump became president could be dominant, but on the other hand, there will be people who don't like Musk style so in making decisions they will consider many things. Bitcoin is currently worth almost $100k, this value is even trending on the X platform.

I agree, Musk’s influence could bring both opportunities and challenges, depending on how his style interacts with others. If Bitcoin reach the $100k mark that will be exciting but I’m staying cautious because of its volatility. I’m keeping an eye on the market.

 

[Zerologic]

I agree, Musk’s influence could bring both opportunities and challenges, depending on how his style interacts with others. If Bitcoin reach the $100k mark that will be exciting but I’m staying cautious because of its volatility. I’m keeping an eye on the market.

Yes, keeping on eye is a good thing because we must decide to protect the risk when expected out from reality, despite many investors believing Bitcoin could reach $100k, everything is possible to happen if Whale Bitcoin sells off. However, according news, MicroStrategy still adds buying Bitcoin despite now peak price.

 

[Opak]

It's interesting how Musk's potential collaboration with the government might influence cryptocurrency regulation. It seems his innovative approach could stimulate technological development, but should we expect a sharp rise in Dogecoin, or is this just another hype for profit-taking?

 

[Zerologic]

It's interesting how Musk's potential collaboration with the government might influence cryptocurrency regulation. It seems his innovative approach could stimulate technological development, but should we expect a sharp rise in Dogecoin, or is this just another hype for profit-taking?

We never know what will happen next, but maybe we can try to identify it in the crowd through social media like X, usually trending coins are more widely adopted by traders,

 

[ChelseaR]

Interesting topic! The influence Musk has on crypto is huge and if any collaboration with the government is involved, it could definitely create some hype. But for Dogecoin, I would be cautious as it could easily turn into just a hype wave to make quick profits.

 

[Simon54]

It's interesting how Musk's potential collaboration with the government might influence cryptocurrency regulation. It seems his innovative approach could stimulate technological development, but should we expect a sharp rise in Dogecoin, or is this just another hype for profit-taking?

We never know whether Dogecoin will rise or fall, but I’m constantly following Dogecoin and it is rising steadily. I feel there’s a chance it could pick up pace when Trump starts his tenure in 2025.