Dogecoin’s Transformation: From Meme to Mainstream with Trump’s Endorsement

Dogecoin (DOGE) surged over 500% recently, with a growing interest in memecoins as serious trading assets. On Tuesday, this hype became tangible as President-elect Donald Trump announced the formation of a new “Department of Government Efficiency” (DOGE), led by Vivek Ramaswamy and Elon Musk. The pair will work to streamline government processes and cut waste, with Musk promising transparency. Meanwhile, DOGE prices have surged nearly 250% in the past month, sparking traders to set a long-term target of $1 per coin.