Elon Musk joins DOGE task force, boosting Dogecoin value by 15%
qz.com —
Dogecoin's value surged over 15% in 24 hours, reaching $0.4006, following news that Elon Musk will lead a new group called DOGE under President-elect Donald Trump. This group aims to consult on government spending. Musk's involvement has excited the Dogecoin community, which sees potential for the cryptocurrency's growth. DOGE is not an official government department but a task force Musk proposed earlier. Originally created as a joke in 2013, Dogecoin gained popularity during the GameStop trading frenzy in 2021. Musk's support has helped it become one of the top cryptocurrencies by market value.