The Efficient Government Department (DOGE) led by Elon Musk took a significant step by launching its official website on Friday. This advisory panel, operating under the Trump presidency, aims to provide updates on reducing government costs and improving efficiency in federal operations. Elon Musk plans to dedicate the next 4 months to work on this panel, with his main goal being a $2 trillion reduction in the government budget. Musk also announced that details of savings will be regularly published on this website. It is predicted that if the goals of this advisory panel are achieved, inflation in the United States could decrease to 2%. Recent data shows that inflation in January was at 3%, higher than expected. However, if the advisory panel can meet its goals, the market for risky assets may significantly improve. Additionally, the panel intends to release the ‘Overall Savings Scorecard’ and ‘Explanation of Each Cost Reduction’ by February 14. These developments have attracted significant attention nationally and internationally. Following these developments, the price of Dogecoin increased by over 4% to $0.257. This price increase is in line with the overall uptrend in the digital currency market. It is worth mentioning that recent advancements related to the Efficient Government Department have added to the appeal of Dogecoin. In this regard, market analyst VipRoseTr has expressed optimism about this meme coin and stated that the price is returning from the Fibonacci support area, which could be a sign of a possible uptrend. This prediction indicates that if the uptrend is maintained, the next targets for this token could be $0.4993, $0.5740, and $0.6543. You can view the live and instant prices of all tokens and cryptocurrencies on the momentary price page of digital currencies.
