Crypto: Dogecoin Founder at the Heart of a Mysterious Recruitment by Elon Musk

What is Elon Musk preparing with Dogecoin? Between humor and seriousness, the billionaire threw a stone into the pond by inviting Shibetoshi Nakamoto, creator of this famous memecoin, to join the Department of Efficiency (DOGE). This invitation, launched on X, immediately captivated the crypto community and triggered a notable rise in the value of Dogecoin. Let’s explore the implications of this announcement.

Dogecoin boosted by Musk: towards a new rise

With a simple tweet, Elon Musk has, once again, disrupted the crypto market:

“Do you want to work at DOGE? That would be perfect.”

https://twitter.com/elonmusk/status/1884083569150288082

A direct response to Shibetoshi Nakamoto, who had posted a humorous message about his unemployment. Result: an immediate surge of 5% in Dogecoin.

• Current Dogecoin price: $0.3343, with a daily peak of $0.3386;
• Bullish target: $1, according to analysts, thanks to favorable technical signals;
• Previous record: $0.7373, reached in 2021.

Despite the enthusiasm, many remind that Musk loves to play with investors’ nerves. Between jokes about a “Dogecoin for Mars” and promises to revolutionize public finance with blockchain, it is hard to distinguish between strategic vision and quirky humor.

Crypto: Musk electrifies the debates

The influence of Elon Musk does not stop at Dogecoin. At the head of Tesla and SpaceX, he polarizes the attention of investors on major crypto trends. But his latest project, the Department of Efficiency (DOGE), co-founded with V. Ramaswamy, has already faced major legal challenges since its inception.

However, Musk plans to integrate blockchain to improve federal spending management, an idea that could legitimize this initiative. Meanwhile, Bitcoin continues to attract capital in search of security against the volatility of altcoins like the DOGE crypto.

Notable quote: “I still own a lot of Dogecoin”, said Elon Musk, confirming his commitment to this crypto and reinforcing investors’ confidence.

https://twitter.com/_dogegod_/status/1883856810110808274

Elon Musk seems to want to redefine the role of Dogecoin by inviting Shibetoshi Nakamoto to participate in the DOGE project (Department of Government Efficiency). With the recent resignation of Vivek Ramaswamy, this appointment could be the stroke of genius needed to relaunch the momentum of this department.