3 Ways Elon Musk Could Influence Doge’s Price Post Jan 20

Elon Musk is all set to assume official duties of the D.O.G.E. department. The Department of Government Efficiency is a leading section under Trump’s regime, which will soon be responsible for moderating governmental expenses and budgeting. However, Musk is making headlines primarily due to his close association with Dogecoin and how his D.O.G.E. departmental duties could push DOGE to claim new highs. Here’s how Musk D.O.G.E duties can directly impact the token post-January 20th, 2025.

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3 Ways D.O.G.E. Proceedings May Influence Dogecoin

1. By Promoting The Token For Governmental Transactions

Dogecoin has always been a key highlight for Elon Musk. There are multiple instances throughout where Musk has mentioned Dogecoin officially, expressing his desire to add the token on multiple public platforms under Musk’s leadership. However, now that Musk is set to assume a new political duty, Dogecoin may soon find a new use case. Musk could potentially use Dogecoin for government or departmental transactions, which could ultimately help Doge surge to new highs.

2. By Making The Token A Government-Backed Coin

Another “ambitious” use case that may soon materialize is the fact that Dogecoin could emerge as an official government-backed token for the audiences to bank on. In a new development, with two pro-crypto leaders like Musk and Trump working in synchronization, Musk could officially assign Dogecoin a new status, giving it a government-backed coin repute to work with. This could usher in a new price momentum for Doge, helping it claim new highs in the process.

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3. Dogecoin Being Added to X Money

Another primary use case that could help Doge surge to new highs is its involvement with X money. X has already announced plans to unveil X money, with crypto being a central element to be used for transactions. If Musk announced Dogecoin as a key element added to X money, this could also be a game changer for Dogecoin, fueling its surge unlike anything else. In addition to this, if all these developments are materialized, Doge could hit a new ATH of $1 per AI.

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