President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to head a newly created Department of Government Efficiency (DOGE), aimed at reducing government spending and enhancing transparency. Musk plans to introduce a leaderboard for inefficient spending, making government activities more accessible to the public. This move has energized Dogecoin traders, pushing the cryptocurrency's price up significantly, with a long-term target of $1 now being discussed. In the last week alone, Dogecoin prices soared over 100%, aligning with increased public interest following Trump's appointment. The announcement includes plans for structural reforms in federal agencies aimed at cutting waste and regulations. Musk emphasized transparency in their actions, inviting public feedback on spending priorities. This development marks a notable shift for Dogecoin, which was previously viewed as a joke but is now gaining serious traction in investment circles, reflecting broader trends in memetic trading strategies.

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