{"id":2368516,"date":"2024-11-13T13:41:02","date_gmt":"2024-11-13T18:41:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dogecoin-surges-after-trump-wins-election-and-appoints-musk-to-doge-washington-examiner\/"},"modified":"2024-11-13T13:42:27","modified_gmt":"2024-11-13T18:42:27","slug":"dogecoin-surges-after-trump-wins-election-and-appoints-musk-to-doge-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dogecoin-surges-after-trump-wins-election-and-appoints-musk-to-doge-washington-examiner\/","title":{"rendered":"Dogecoin surges after Trump wins election and appoints Musk to DOGE &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdogecoin-surges-after-trump-wins-election-and-appoints-musk-to-doge-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2368516&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Dogecoin, \u2062a\u2063 cryptocurrency that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tech-community-turns-against-the-new-york-times\/\" title=\"Tech Community Turns Against the New York Times\">gained popularity<\/a>\u200b through its association with Elon Musk, experienced a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/space-companies-eyeing-change-in-fuel-to-reduce-emissions\/\" title=\"Space firms considering fuel switch to cut emissions.\">significant \u2063surge<\/a> in value following the election of Donald \u200dTrump as president. Trump appointed\u2064 Musk to the newly created \u2062Department of Governmental Efficiency, which\u2063 likely influenced the\u200b increase in Dogecoin&#8217;s value,\u200d more than doubling \u2064since \u2062Election Day. The rise in Dogecoin began on October\u200c 15, 2023, \u200bwhen Musk mentioned &#8220;D.O.G.E will fix\u200b it&#8221; in a post about government inefficiencies. After the election, the coin&#8217;s value jumped from 0.11 cents to 0.20 cents, reaching its highest valuation since May 2021. Musk hasn&#8217;t\u2063 made extensive comments on Dogecoin recently but suggested that its flat inflation\u200c rate \u200bis beneficial.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Dogecoin surges after Trump wins election and appoints Musk to DOGE<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1880681\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The memecoin <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/dogecoin\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Dogecoin<\/a> has surged in value following President-elect <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Donald Trump<\/a>&lsquo;s election win and subsequent move to appoint <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/elon-musk\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Elon Musk<\/a> to the new Department of Governmental Efficiency.<\/p>\n<div class=\"article-paywall\">\n<p>The <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/3016445\/dogecoin-dog-dies\/\" target=\"_blank\" rel=\"noopener\" title=\"\">cryptocurrency<\/a>, founded in 2013 and popularized in part by Musk in 2020, has more than doubled in value since Election Day.<\/p>\n<p>Musk&rsquo;s influence on the cryptocurrency has been well-documented, and the most recent surge began Oct. 15 when Musk posted on X that &ldquo;D.O.G.E will fix it&rdquo; in response to a post lamenting politicians and bureaucrats as &ldquo;the greatest threat to human progress.&rdquo; <\/p>\n<p>DOGE <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3228342\/what-we-know-about-the-doge\/\" target=\"_blank\" rel=\"noopener\" title=\"\">aims to cut <\/a>staffing in government agencies and spending as a whole. It&rsquo;s unknown whether they have the authority to do so.<\/p>\n<p>October is also when Musk grew closer to Trump&rsquo;s campaign and appeared at the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-cant-deny-responsibility-for-our-so-so-divided-nation\/\" title=\"Biden Can\u2019t Deny Responsibility For Our \u2018So, So Divided\u2019 Nation\">president-elect&#038;rsquo<\/a>;s second Butler, Pennsylvania, rally. Musk voiced his support for Trump after his first assassination attempt at Butler in July.<\/p>\n<p>From Oct. 15 to Oct. 19, the coin increased from .11 cents to .14 cents before settling until Election Day. It increased to .20 cents on the news of Trump being <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-biden-knows-he-messed-up-on-fracking-at-debate-and-is-now-doing-damage-control-the-daily-wire\/\" title=\"Joe Biden Knows He Messed Up On Fracking At Debate And Is Now Doing Damage Control | The Daily Wire\">elected president<\/a>. The value of the cryptocurrency has skyrocketed since Nov. 10, reaching its highest valuation since May 2021, when Musk appeared on <em>Saturday Night Live<\/em>.<\/p>\n<p>He refrained from offering specific comments on the cryptocurrency on X until a post on Wednesday showed him commenting on the inflation of the coin.<\/p>\n<p>&ldquo;I think the flat inflation of Dogecoin, which <a href=\"https:\/\/amzn.to\/3YuVZYV\">means decreasing percentage inflation<\/a>, is a feature, not a bug,&rdquo;<a href=\"https:\/\/x.com\/elonmusk\/status\/1856735349952688323\" target=\"_blank\" rel=\"noopener\" title=\"\"> he said.<\/a> He also posted a photo with a dog and the name of the new department on Tuesday night.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/4K0ruu7UMS\">pic.twitter.com\/4K0ruu7UMS<\/a><\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1856523237208797221?ref_src=twsrc%5Etfw\">November 13, 2024<\/a><\/p><\/blockquote>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>    <\/p>\n<p>The tech magnate has been previously accused of manipulating the market of Dogecoin. In August, Musk and Tesla won the dismissal of a federal lawsuit accusing them of rigging the cryptocurrency and conducting insider trading. A judge ruled that some of his statements were &ldquo;aspirational and puffery, not factual and susceptible to being falsified,&rdquo; as Musk was accused of.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong><\/strong><\/a><\/p>\n<p>Musk said in a <a href=\"https:\/\/x.com\/elonmusk\/status\/1395438318095986693\" target=\"_blank\" rel=\"noopener\" title=\"\">post <\/a>on X in 2021 that he has not sold any of the cryptocurrency and won&rsquo;t in the future.<\/p>\n<p>The tech magnate will be joined in the DOGE by former presidential candidate Vivek Ramaswamy. <\/p>\n<\/div>\n<p> <script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1880681\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1880681\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin&#8217;s value skyrockets after Trump&#8217;s election win and Musk&#8217;s appointment<\/p>\n","protected":false},"author":1,"featured_media":2368517,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/Elon-Musk-ethics.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[23322,4250,3634],"class_list":["post-2368516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dogecoin","tag-musk","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/Elon-Musk-ethics.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2368516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2368516"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2368516\/revisions"}],"predecessor-version":[{"id":2368520,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2368516\/revisions\/2368520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2368517"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2368516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2368516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2368516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}