Elon Musk’s DOGE Goes Live Sharing Key Plans Ahead, What’s Next?

Coingapestaff
February 13, 2025
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Elon Musk's DOGE Site Goes Live Sharing Key Plans Ahead

Highlights

  • Elon Musk's Department of Government Efficiency's official website goes live.
  • The website is set to offer updates on governmental spending cuts, among other things
  • Dogecoin remains much eyed by investors amid recent DOGE-related advancements.

Elon Musk’s Department of Government Efficiency (DOGE) marked a monumental stride on Thursday, primarily with the launch of its official website. The advisory panel under Trump’s presidency remains poised to offer updates on governmental spending cuts with this endeavor, further streamlining federal operations. Meanwhile, the Tesla & SpaceX lead revealed what the panel eyes for its future initiatives, further echoing a buzz nationwide.

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Elon Musk’s DOGE Official Website Goes Live: Here’s All

According to an official X post by the Department of Government Efficiency on February 13, the official website ‘doge.gov’ is now live. This portal will offer the public vital updates on governmental spending cuts, the functioning of agency employees, and the panel’s role in streamlining federal operations.

As per Elon Musk, “Details of cost savings” are to be posted on this site. Further, the Tesla & SpaceX lead also revealed that he aims to spend the next 4 months working in the panel, primarily to slash $2 trillion from the budget.

Elon Musk's X Post on DOGE
Source: Elon Musk, X
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What To Expect?

In light of this development, FOX Biz correspondent Charles Gasparino revealed on X that once the advisory department’s goals are met, the anticipation is that ‘inflation will be dropping to 2%.’ Notably, CoinGape reported that the latest U.S. CPI inflation data for January came in hotter than expected at a 3% basis YoY. Given that the newly launched government panel achieves what it plans, the broader risk assets market sentiment could substantially benefit.

Further, the imminent developments for the advisory panel are that it aims to launch an ‘overall savings scorecard’ and a ‘description for the amount of each cost reduction’ by February 14.

Altogether, these recent developments have echoed a buzz across the American landscape, whilst crypto market participants keenly eye Dogecoin. Elon Musk’s governmental advisory panel under Trump’s presidency has garnered significant attention to the dog-themed meme coin in light of a similar name. Also, the market hype is attributable to the American entrepreneur’s previous backing and influence over the token.

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Dogecoin Under The Spotlight Amid Recent Advancements

At the time of reporting, Dogecoin’s price witnessed an uptick of over 4%, exchanging hands at $0.2579. The coin’s intraday low and high were $0.2489 and $0.267, respectively. Intriguingly, the current rising trajectory falls in line with the broader crypto market’s bullish trend.

Further, the recent Elon Musk DOGE-related advancement has added a layer of intrigue surrounding the coin’s future movements. Notably, crypto market analyst ‘VipRoseTr’ conveyed optimism on the meme coin amid current developments, revealing that the price is rebounding from the Fibonacci support zone, signaling a potential bullish reversal. This projection indicates that a massive upside price movement is incoming, with the upcoming targets for the token being $0.4993, $0.5740, and $0.6543, given the price sustains a bullish movement. However, traders and investors continue to trade cautiously, given the meme coin sector’s turbulent nature.

Dogecoin price
Source: VipRoseTr, X
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.