Dogecoin the largest memecoin by market capitalization is arguably one of the highest beneficiaries of the Donald Trump surge.
The Memecoin has surged by a whopping 93.7% in the last 7 days and a staggering 122.6% in the last 14 days.
Dogecoin, a memecoin that was promoted heavily by Elon Musk in its early days has been caught in the cross-hair of the election cycle, and a proposed Department of Government Efficiency (DOGE).
The Department of Government Efficiency, a brainchild of Elon Musk looks to cut government wastage and maximize its efficiency.
The idea was floated by Elon Musk throughout the election cycle and was promoted many times on his X handle using the acronym D.O.G.E.
The crypto community reacted several times to this promotion by Elon Musk reading it as a cryptic endorsement of Dogecoin, the largest memecoin in the industry.
Elon Musk’s early involvement with Dogecoin added more credibility to their speculations.
Dogecoin has since then been on an upward swing and was…