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Elon Musk Sparks Dogecoin Price Gain with Recent Take on D.O.G.E.

  • Elon Musk's comments about the Department of Government Efficiency (D.O.G.E) caused a surge in Dogecoin's price, rising by 11.68% in 24 hours.
  • Musk's support for Dogecoin has a history of influencing its price and attracting legal challenges and positive support.
  • Musk's backing of Donald Trump and his political activities have contributed to the speculation of friendlier regulations towards cryptocurrencies.
  • There is speculation that Dogecoin may be considered for ETF approval, which could attract new investors and institutional investment.

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