Dogecoin’s price jumped 11% when Elon Musk’s official DOGE website for government efficiency went live. The DOGE agency launched its website which looks similar to the Dogecoin logo raising retail investor interest.
The DOGE agency achieved a major defining moment when it debuted its official website on January 21 to the crypto market. After the press release, Dogecoin immediately hit $0.38 through Markets Pro data and touched $0.40 at a brief peak before resuming its normal level.
The cryptocurrency’s value shows strong improvement yet still stands 48% below its peak valuation of $0.73 on May 8, 2021.
Elon Musk’s Influence on Dogecoin’s Popularity
Most retail investors think Elon Musk’s backing of DOGE signals a move toward making Dogecoin more accessible to regular users. Analyst Sarah Lang thinks this deal is not a coincidence and will prove Dogecoin is a real trading asset.
Those who track stock markets have long noticed Dogecoin’s strong market performance. Dogecoin hit a market value greater than Porsche in 2024 following Musk’s endorsement and successful ETP launch rumors. The evolution of Dogecoin shows how it has developed from a joke into a serious contender for market dominance.
Despite widespread attention to the DOGE agency’s aim to reduce government size and make operations more efficient, it currently faces legal obstacles. National Security Counselors said they would take legal action against the DOGE agency because they believe the organization violated Federal Advisory Committee Act requirements.
National Security Counselors’ Legal Complaint Against DOGE Agency
The legal complaint filed by National Security Counselors accuses the DOGE agency of disobeying federal transparency rules by ignoring public attendance protocols and meeting minute recording obligations.
As executive director of National Security Counselors, Kel McClanahan explains that DOGE needs to enforce clear hiring standards and public reporting to build public trust. Bypassing these protocols undermines public trust. The legal complaint states:
“DOGE is not exempted from FACA’s requirements. All meetings of DOGE, including those conducted through an electronic medium, must be open to the public.”
The DOGE agency advances toward its goals even in the face of ongoing legal obstacles. In 2026, on its 250th anniversary, the DOGE agency will present its government efficiency plan.
The plan will show the agency’s accomplishments while providing strategies to makethe government more efficient and streamlined. Dogecoin fans experience enthusiasm when they see how the DOGE Agency connects their investment beliefs to government transformation.
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