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By Shaurya Malwa
Oct 29, 2024
* Interest in Dogecoin futures is approaching all-time highs from April, with a 33% increase in open interest since Sunday, now standing at 8 billion tokens.
* Traders are attributing this price movement to Trump's popularity and the potential establishment of a "Department of Government Efficiency" (D.O.G.E).
* Elon Musk's discussions on creating a D.O.G.E. for government efficiency, combined with Trump's promise to involve Musk in a government efficiency commission if re-elected, have fueled bullish sentiments among traders.
Musk has gotten closer to Trump in the past few months with increased donations and endorsements. On various talk shows, he has talked about creating a “Department of Government Efficiency,” abbreviated as D.O.G.E, in a quest to make government spending more efficient.
Continue to full article:
https://www.coindesk.com/markets/20...-13b-as-trump-popularity-sees-doge-rocket-15/
