Dogecoin Barks Higher Today on New Musk Post
Elon Musk's status as the self-proclaimed "Dogefather" is once again on full display today with his latest post on X. The Tesla CEO's latest post has sent Dogecoin (CRYPTO: DOGE) tokens up 5.8% as of 1 p.m. ET, as investors in the meme token graciously accept his support.
Musk's latest post on X spelled out the name of what he apparently hopes will be his future government department (if Donald Trump wins the election) -- the "Department of Government Efficiency." Each word was written in descending lines, spelling out "DOGE" rather clearly for those reading his tweet.
Let's dive into what to make of this post, and where Dogecoin could be headed from here.
Source Fool.com
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