Elon Musk, CEO of Tesla and SpaceX, has sparked excitement in the digital currency market by inviting the founder of Dogecoin to join the Efficient Government Department (D.O.G.E). Musk’s invitation was sent through social media X in response to a post by Billy Markus, known as Shibetoshi Nakamoto. Musk today, January 28, responded to Markus’ post saying, ‘Want to work at D.O.G.E? It could be amazing.’ Although Markus’ post was quickly deleted, Musk’s statements have triggered speculation. Market analysts expect this move, if it happens, to have a significant impact on Dogecoin (DOGE) price. Musk, known for his influence on Dogecoin, is also the head of the D.O.G.E department. Despite legal complaints, Musk’s remarks have added positivity towards this meme coin. Musk’s recent statement ‘We will take Dogecoin to the moon’ has boosted market optimism. Reports suggest Musk is exploring blockchain technology to enhance the efficiency of the newly formed D.O.G.E department. At the time of writing, Dogecoin is trading at $0.334 with a 6% growth. Although this upward trend aligns with the overall digital currency market, recent analyses indicate this meme coin is moving towards the $1 goal.
