Why Dogecoin Is Gaining Today
Dogecoin (CRYPTO: DOGE) is climbing higher Tuesday despite a backdrop of pullbacks for the broader crypto market. The popular meme coin's token price was up 3% over the past 24 hours as of 11:40 a.m. ET. Bitcoin's price was down 0.9%, and the price of Ethereum was down 1.6%.
In conjunction with President Trump's inauguration yesterday, the Department of Government Efficiency (DOGE) launched its website. While the government advisory commission isn't directly connected to the Dogecoin cryptocurrency, the new website features the Dogecoin logo.
Dogecoin investors are getting a pleasant surprise with the new Department of Government Efficiency website. The advisory commission is being led by CEO Elon Musk, who has long been a supporter of the meme coin.
Source Fool.com
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