Department of Government Efficiency (D.O.G.E.)—an Ethereum meme coin inspired by Elon Musk’s proposed U.S. government office of the same name—has doubled in price, outpacing the billionaire’s beloved Dogecoin (DOGE) amid its own hot streak.
The D.O.G.E. token surged roughly 75% to $0.163 in the past 24 hours, according to CoinGecko. By comparison, Dogecoin’s price is nearly flat during the same span at a current price above $0.19,, though Dogecoin is up by 75% over the last 30 days.
Since its inception in August, D.O.G.E.’s price has soared by more than 1,400%, CoinGecko data shows. The token has a market cap of $161 million at the time of writing.
Although D.O.G.E. is vastly outperforming Dogecoin in the last day, both tokens have pumped several times in recent months. The tokens’ rallies since August are largely attributable to a host of D.O.G.E.-related public comments and appearances from Elon Musk.
The Tesla and SpaceX CEO has long been associated with Dogecoin, declaring himself
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Author: Liz Napolitano
