News Scrap

Elon Musk once again indirectly talked about DOGE, grabbing the attention of Dogecoin investors.

The current trade price of Dogecoin is $0.1375, which is 24% higher over the last 7 days. The trade price graph clearly shows that Dogecoin’s price is rising steadily, indicating a potential bull run.

Elon Musk Touts DOGE

Elon Musk, a known supporter of Dogecoin, promoted it indirectly today by mentioning the “Department of Government Efficiency (DOGE)” under Donald Trump’s presidential campaign.

.@ElonMusk is going after America’s core problems, and I honestly fear for his life.

He just reminded politicians that the tax dollars they spend belong to the American people.

“For some weird reason, a lot of people in the state, the politicians, they seem to forget that the… pic.twitter.com/jltaNwLO0N

— The Vigilant Fox 🦊 (@VigilantFox) October 17, 2024

Though Musk didn’t directly refer to Dogecoin cryptocurrency, it’s widely believed that his promotion of DOGE helps Dogecoin’s popularity. Back in July, Musk stated his department would work on efficient use of taxpayers’ money.

DOGE-1 Satellite

Many are curious about the DOGE-1 Satellite, a project Musk promised in 2021 but is yet to launch. As the bull run approaches, the community eagerly awaits any updates on this space mission.

SpaceX launching satellite Doge-1 to the moon next year

– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space

To the mooooonnn!!https://t.co/xXfjGZVeUW

— Elon Musk (@elonmusk) May 9, 2021

Dogecoin, initially created as a meme, has become a prominent digital asset, largely due to Elon Musk’s support. Over the years, Musk’s indirect endorsements, including subtle mentions of “DOGE” in various contexts, have had a profound influence on its market performance. His constant engagement with the community, whether through projects like the DOGE-1 satellite or playful mentions in political campaigns, keeps Dogecoin relevant in the crypto space. As Musk continues to be a key figure in the tech and crypto industries, many speculate that Dogecoin will maintain its upward trend in the upcoming bull run.