Popular memecoin Dogecoin {{DOGE}} jumped 5%, returning to multi-year highs hit earlier this month following fresh speculations on Elon Musk-owned social app X's long-anticipated payments service. Apparently triggering the move was Musk posting a screenshot of podcaster Joe Rogan's X profile.

Dogecoin (CRYPTO: DOGE) experienced a 5% surge following a tweet by Elon Musk on X. This has sparked fresh speculations about the imminent payments service on Musk’s social app.

Elon Musk has been tapped to co-lead the Department of Government Efficiency (DOGE) after years of hyping up cryptocurrency Dogecoin.

Dogecoin (CRYPTO: DOGE) appears poised for a parabolic run based on technical chart patterns, with analysts predicting a significant rally ahead. What Happened: Elon Musk on Tuesday teased Dogecoin with a post calling himself “The Dogefather.

On Tuesday, President-elect Donald Trump picked Musk and biotechnology company founder Vivek Ramaswany to lead a new Department of Government Efficiency, whose acronym echoes dogecoin's name. The case is Gorog et al v. Musk et al, U.S. District Court, Southern District of New York, No. 22-05037.

The masterminds behind the proposed government efficiency agency have provided more detail about how it would function. Their explanations only makes their enterprise seem less plausible.