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

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.

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.

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.

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.