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Dogecoin 
$0.161226 achieved significant weekly gains by exiting the altcoin market, led by Bitcoin 
$107,075. Notably, Dogecoin increased by 12% in value over the last 24 hours, attributed to a surprising collaboration between Elon Musk and Donald Trump.
Trump and Musk Collaboration: A New DOGE Chapter
Former U.S. President Donald Trump announced the establishment of a new division within the government, with Elon Musk participating in the event. This division, named the DOGE (Department of Governmental Efficiency), is reported to be led by Musk. This move may be directly related to Musk’s ongoing interest in Dogecoin.
Elon Musk’s Support for Dogecoin
Elon Musk, one of the biggest supporters of Dogecoin, frequently showcases his backing for the cryptocurrency through social media posts. Musk refers to Dogecoin as a “meme coin,” offering informal support and maintaining his influence in the crypto world.
Impact of Dogecoin on the Crypto Market
The collaboration between Trump and Musk has contributed to a short-term increase in Dogecoin’s value. Despite fluctuations in the altcoin market, DOGE has managed to attract attention with these developments, reportedly gaining 20% in value due to the newly established DOGE division.
Trump’s prominence in the 2024 elections is viewed as a positive signal for the market. Cryptocurrencies like Bitcoin and Dogecoin are believed to potentially face positive impacts from possible new regulations.
Regulation and the Future of Cryptocurrencies
Concerns exist regarding the sustainability of cryptocurrencies that rise with meme culture and popularity. However, appropriate regulatory reforms and a clear roadmap for Web3 technologies could create a significant foundation for success in the crypto sector. It is known that both major political parties in the U.S. have made promises regarding the crypto world.
In light of these developments, Dogecoin is expected to gain value through political connections. Nevertheless, solid regulations are deemed essential for long-term success.
