Dogecoin jumps 10% as new DOGE government website adopts Dogecoin logo
Dogecoin jumps 10% as new DOGE government website adopts Dogecoin logo Liam 'Akiba' Wright · 3 days ago The United States government’s official website for the Department of Government Efficiency (DOGE) has gone live and prominently displays the Dogecoin logo. This update coincides with a 10% increase in Dogecoin’s price, rising from $0.35 to $0.38 within a minute, bringing its market capitalization to approximately $56.5 billion.The DOGE website features the Dogecoin logo alongside the statement, “The people voted for major reform.” Notably, the site’s HTML includes an ASCII representation of the Dogecoin logo and a link to the Department’s official Twitter/X account.DOGE website (Source: US Government)The website’s favicon, however, is a golden dollar sign in a black circle with a gold trim. Thus, it seems the Dogecoin logo is not meant to represent the government department; its inclusion is likely nothing more than a callback to the memetic value of the department’s acronym.Elon Musk, appointed to lead the Department of Government Efficiency, has been a vocal supporter of Dogecoin. His involvement in the department has previously influenced Dogecoin’s market performance. Analyst Liam 'Akiba' Wright Editor-in-Chief at CryptoSlate Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.Latest InsightsLatest Alpha Market ReportDisclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.