The US government's Doge website starts with the Dogecoin logo

• The website of the Ministry of Government Efficiency Starts with the logo of Dogecoin.
• The Doge Prize reacted higher and reached $ 0.40

The Prize of Dogecoin rose sharply on Tuesday when the US government officially started the website of the Department of Government Efficiency (Doge).

It is noteworthy that only the Dogecoin token logo is currently being displayed on the Doge.Gov website.

urgent message: A dogecoin can be found on the official website of the Department of Government Efficiency. (DOGE DOT GOV) pic.twitter.com/jnmnsw6htw

- Dogedesigner (@cb_doge) 21. January 2025

Elon Musk will lead the department, and the representation of the Dogecoin meme dog avatar on the website quickly triggered a significant increase in the Dogen Prize. According to Coingecko, the Dogecoin Prize reached a maximum of $ 0.40 after being acted at almost $ 0.33.

Trump presented Doge

President Donald Trump officially presented the dog led by Musk in his first speech after the inauguration on January 20th.

"In order to restore the competence and effectiveness of our federal government, my government will set up the brand new Ministry of Government Efficiency," said Trump.

Dogecoin and other cryptocurrencies had dropped after Trump's latest speech, whereby the market reacted weaker due to the lack of any crypto -related comments. Bitcoin fell on low-center of $ 100,000, while Trump's Meme coin Trump and that of First Lady Melania Trump Melania crashed.

Doge, the original meme coin cryptocurrency with the legendary Shiba-Inu dog, also crashed. However, the latest news has shown that the bulls reduce the downward trend with an increase to over $ 0.37 in order to reach the maximum stands achieved before the inauguration.

What's next with the Dogen Prize?

If the bulls succeed in staying over $ 0.37, they could target the resistance at $ 0.41 from last week and will probably try to get $ 0.46 beyond the maximum stalls from December 2024.