What is the prospect of Dogecoin with Elon Musk becoming influential in government?

[Fidelia]

Elon Musk has been appointed to head the Department of Government Efficiency (DOGE). That gives Musk some big influence in the American government. Given this influence, would Dogecoin gain more prominence in the market with the influence of Musk?

 

[Trush Jodie]

If Doge doesn't reach a dollar within this period that Musk would feature prominently in government, it would never get there.

 

[Nomad]

The entire dogecoin is not depended on Musk, it has a huge community of supporter. It will gain value as long as bitcoin will gain value

 

[eLdavis]

At the end of the day time would tell, let's see if the recent events would affect the price value of doge.

 

[Suba]

Dogecoin price during US presidential election Nov 5, 2024 was $0.159 and now Nov 18, 2024 has reached $$0.370. I think if Musk continues to strengthen market sentiment then Doge price will reach $1 in 2025.

 

[SilverLance]

With his new position, Musk may have more opportunities to promote and integrate Dogecoin into government operations, potentially increasing its value and adoption.

 

[Webster]

Elon Musk has been appointed to head the Department of Government Efficiency (DOGE). That gives Musk some big influence in the American government. Given this influence, would Dogecoin gain more prominence in the market with the influence of Musk?

Short answer: No.
Long answer: Probably not; Dogecoin is, at best, a meme fad coin that isn't worth much of anything.

 

[Fidelia]

I believe that Musk has a great opportunity now to see how he can integrate Doge to real life proposition and make it have some value.

 

[magnus2022]

Dogecoin have every opportunity to reach $1 before one year from now. With this recent happening in American politics and Elon Musk taken the center stage, Dogecoin will appreciate. Though, it is too early to to predict.

 

[Trush Jodie]

As Doge has doubled in price over the course of the month, it is clear that it would be a big beneficiary of the Trump government.

 

[SilverLance]

With Trump's pro-business policies and focus on economic growth, cryptos like Doge may continue to see positive momentum.

 

[Fidelia]

Trump has already promoted Doge directly probably in promotion to Musk. I don't see a crypto that gets a direct government backing like that.

 

[riberet19]

I don't know if he will use his influence to support DOGE, I honestly believe that for dogecoin it is simply a money-making game, but he may support or boost it in some way.

 

[Fidelia]

Elon Musk is already using his position to boost Dogecoin and it is already paying off. I am sure Dogecoin would keep benefitting from the increasing popularity of Musk in government.

 

[Augusta]

I don't think dogecoin is depended on Musk alone, it has other supporters. It will gain value as bitcoin is gaining value