Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 313
    CryptoMarketNewsSponsored Article

    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309

    Could the Next Life-Changing Meme Coin Be Hiding in Plain Sight? Imagine…

    By
    Benedikt Krüger
    May 31, 2025
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    NewsCrypto
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    May 30, 2025
    image 30 May 2025 12 40 50
    CryptoMarketNews
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    May 30, 2025
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    NewsBitcoinCrypto
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    May 30, 2025
    Bybit MiCAR license
    NewsCryptoMarket
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    May 30, 2025
  • Cryptocurrency
    image 313
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    7 Min Read
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    7 Min Read
    image 30 May 2025 12 40 50
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    3 Min Read
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    5 Min Read
    Bybit MiCAR license
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    6 Min Read
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: U.S. Government Backs DOGE? Dogecoin Soars 13% After Surprise Website Launch
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Market > Investor > U.S. Government Backs DOGE? Dogecoin Soars 13% After Surprise Website Launch
BlockchainInvestorMarket

U.S. Government Backs DOGE? Dogecoin Soars 13% After Surprise Website Launch

Dogecoin Soars 13% After Surprise Website Launch
Dogecoin Soars 13% After Surprise Website Launch
Jane Omada Apeh
Last updated: January 22, 2025 1:46 pm
By
Jane Omada Apeh
Published January 22, 2025
5 Min Read
Share

Dogecoin (DOGE) experienced a rapid 13% price jump in just 15 minutes on Jan. 21 following the unveiling of the U.S. Department of Government Efficiency’s official website. The surprise? The site prominently features the Dogecoin logo alongside the department’s title, a dollar sign, and the slogan, “The people voted for major reform.”

Contents
What Is the Department of Government Efficiency (DOGE)?Crypto Community Reacts to DOGE’s Government ConnectionBullish Signs for Dogecoin’s PriceSocial Media Buzz Fuels SpeculationWhat’s Next for Dogecoin?FAQs

This unexpected nod from a government entity propelled Dogecoin’s price from $0.33 to $0.40, rebounding by 20% after a 10% decline earlier in the day.

What Is the Department of Government Efficiency (DOGE)?

The Department of Government Efficiency, also referred to as DOGE, was established via an executive order by former President Donald Trump. Its mission is to streamline government spending and improve regulatory frameworks.

While the use of Dogecoin’s branding may appear unconventional, it has undeniably increased the cryptocurrency’s visibility. Analysts believe this could lend an air of legitimacy to Dogecoin, further cementing its status as more than just a meme coin.

U.S. Government Backs DOGE? Dogecoin Soars 13% After Surprise Website Launch
U.S. Government Backs DOGE? It Soars 13% After Surprise Website Launch

Crypto Community Reacts to DOGE’s Government Connection

The launch of the DOGE-branded website sparked excitement across the crypto community. Social media platforms were abuzz, with one crypto enthusiast tweeting, “The U.S. government is now officially shilling meme coins!”

Adding to the momentum, another token named Department of Government Efficiency (DOGEGOV) saw a 35% price surge within 24 hours, underscoring the growing interest in assets tied to the initiative.

Bullish Signs for Dogecoin’s Price

Technically, Dogecoin is signaling the potential for continued upward momentum. A bull flag pattern has emerged, often viewed as a precursor to significant price gains. Should DOGE break above its current resistance level of $0.37, analysts predict it could soar to $1.61, representing a staggering 340% increase from current levels.

Additionally, the relative strength index (RSI) remains in a favorable range, indicating sustained buying interest.

Social Media Buzz Fuels Speculation

The news of the government website featuring Dogecoin’s logo has ignited widespread speculation. Many traders see this as an opportunity for Dogecoin to gain further mainstream acceptance. Others are simply enjoying the irony of a meme coin being associated with a serious government initiative.

On Reddit and Twitter, crypto enthusiasts have shared memes, theories, and predictions, amplifying the buzz surrounding the launch.

U.S. Government Backs DOGE? Soars 13% After Surprise Website Launch
$DOGE Soars 13% After Surprise Website Launch

What’s Next for Dogecoin?

The combination of increased visibility, social media excitement, and bullish technical indicators suggests that $DOGE could be poised for more gains in the coming days. While its connection to the Department of Government Efficiency may seem unexpected, it has undeniably added a layer of intrigue and optimism to the token’s narrative.

As $DOGE continues to attract attention, its journey from a playful meme to a potential symbol of reform demonstrates the unpredictable yet exciting nature of the crypto market. Keep an eye on DOGE, it’s proving that anything can happen in the world of cryptocurrency. 

Stay updated with Deythere as we’re available around the clock, providing you with updated information about the state of the crypto world.

FAQs

  1. Why did Dogecoin’s price jump after the website launch?
    The U.S. Department of Government Efficiency website prominently features the Dogecoin logo, creating a surprising connection between the cryptocurrency and a government entity. This sparked renewed interest in DOGE.
  2. What is the Department of Government Efficiency (DOGE)?
    Established by former President Trump, this department aims to reduce government spending and improve regulatory practices. The use of the Dogecoin logo has boosted its profile in the crypto world.
  3. What is $DOGE’s price outlook?
    With a bullish technical setup and growing market enthusiasm, analysts predict Dogecoin could break resistance at $0.37 and potentially rise to $1.61.
  4. How has social media contributed to $DOGE’s surge?
    Social media platforms have amplified the buzz, with users sharing memes, opinions, and predictions about the government’s surprising connection to $DOGE.
Advertising

For advertising inquiries, please email . [email protected] or Telegram

Is CZ Launching a New Meme Coin? Here’s What To Know

Is Bitcoin’s Fate Tied to the S&P 500? History May Repeat Itself

XRP ETF Hopes Rise Again After Ripple’s SEC Settlement

How Bitcoin Sentiment Falls to Lowest Level Since 2022

China AMC New Tokenized Fund Marks a Milestone for APAC Investors

TAGGED:CryptoDogecoinDogecoin NewsSOLSolana

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByJane Omada Apeh
Follow:
Omada is an experienced crypto journalist delivering in-depth analysis and insights on the ever-evolving world of cryptocurrency and blockchain. Her expertise spans market trends, regulatory developments, and innovative use cases. She is dedicated to providing accurate and engaging content for crypto enthusiasts and newcomers alike.
Previous Article Trump’s Crypto Stunt: A Blow to Digital Asset Credibility? Trump’s Crypto Stunt: A Blow to Digital Asset Credibility?
Next Article BTFD Coin presale From Turbo’s Missed ICO to BTFD Coin’s Staking Power: Top New Meme Coins to Buy for 2025
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English