Elon Musk’s attempt to increase government productivity reached an important turning point on Thursday, February 13th. Elon Musk announced that the official website of the Government Productivity Department (Doge), which will focus on the US government’s expenditure deductions, entered the publication. This new platform will provide critical updates on the government’s expenditures and convey the work to make federal operations more efficient.
DEGE’s official website led by Elon Musk entered the broadcast
Musk’s Doge Department announced that the official website was active at the ‘Doge.gov’ in an X (Old Twitter) sharing on February 13th. The site will provide public information about the savings in government expenditures, the functioning of the employees of the institution and the efforts of Dogge to make federal operations more efficient. Elon Musk said that savings details will be published on this platform. In addition, Musk announced that it aims to cut $ 2 trillion from the budget by working in this department for the next four months.
Fox Business correspondent Charles Gasparino said that if the Doge Department fulfills its goals, they expect the inflation rate to decrease to 2 %. This statement attracted a wide interest of the American media. According to reports, the US Consumer Price Index (CPI) data had increased by 3 %. If the Doge department progresses as planned, it is expected to have positive effects on the wide -risk assets market.
In addition, DEGE department plans to present a “General Save Point Card” and details of each cost deduction until February 14th. While these developments aroused a great impact throughout the United States, Dogecoin also brought up again.
Dogecoin rose in the light of developments
With the influence of the latest developments, the cost of Dogecoin increased by 4 %and rose to $ 0.2579. Coin’s lowest level in the day was $ 0.2489 and the highest level was $ 0.267. Dogecoin gained value in parallel with the bull movement in the general crypto market. In addition, Elon Musk’s attempt, associated with Doge, led to more speculation about the future of the breast token. Crypto market analyst ‘Viprosetr’ stated that Dogecoin recovered from the fibonacci support zone and pointed out a potential bull transformation. This analysis predicts that Dogecoin may experience a major price increase and the targeted price levels are listed as $ 0.4993, $ 0,5740 and $ 0.6543.
