{"id":92438,"date":"2024-09-07T09:41:38","date_gmt":"2024-09-07T13:41:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=92438"},"modified":"2024-09-07T09:43:01","modified_gmt":"2024-09-07T13:43:01","slug":"elon-musk-confirms-doge-post-trump-speech","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/elon-musk-confirms-doge-post-trump-speech\/","title":{"rendered":"Elon Musk Confirms \u201cDOGE\u201d Post Donald Trump Speech"},"content":{"rendered":"\n

Elon Musk<\/a> confirmed DOGE as a cabinet role\u00a0if Donald Trump wins the presidential election. Dogecoin's price surges\u00a0over 5%.<\/p>\n\n\n\n

\"Elon<\/figure>\n\n\n\n

Following Elon Musk\u2019s statement about his excitement to audit U.S. Federal Agencies under Donald Trump, a notable post on X from the entrepreneur gained nationwide attention on Saturday. <\/p>\n\n\n\n

The Tesla and SpaceX CEO confirmed the name “DOGE,” short for the Department of Government Efficiency, solidifying his plans to join Trump's advisory team if the Republican wins the 2024 U.S. presidential election.<\/p>\n\n\n\n

Meanwhile, Dogecoin, a meme cryptocurrency often influenced by Musk\u2019s actions, experienced a rise after reaching a 24-hour low, sparking conversation.<\/p>\n\n\n\n

Elon Musk Reaffirms DOGE Post Under Trump<\/h2>\n\n\n\n

In a surprising twist, Musk posted a picture of himself on September 7 with a nameplate reading \u201cDOGE,\u201d with the caption \u201cDepartment of Government Efficiency.\u201d <\/p>\n\n\n\n

This comes after Musk accepted Trump\u2019s offer for a cabinet role should he win the election.<\/p>\n\n\n\n

CoinGape Media reported that Trump confirmed at the Economic Club that Musk would head a Government Efficiency Commission. <\/p>\n\n\n\n

The post has fueled more discussion amidst the presidential campaign.<\/p>\n\n\n\n

X CEO Linda Yaccarino responded to Musk\u2019s post shortly after Trump\u2019s speech at the Economic Club of New York, where he criticized Kamala Harris\u2019 taxation policies.<\/p>\n\n\n\n

Donald Trump Criticizes Harris on Taxation<\/h2>\n\n\n\n

Speaking at the Economic Club of New York, Trump criticized Harris<\/a> for \u201ckilling the economy\u201d with her tax proposals. <\/p>\n\n\n\n

Harris aims to reverse Trump\u2019s tax cuts and implement a $5 trillion tax cap, the highest in U.S. history, which Trump claims would severely impact small businesses.<\/p>\n\n\n\n

Trump compared Harris' plans to “communist China,” further intensifying the debate over her policies.<\/p>\n\n\n\n

Despite this, Musk remains supportive of Trump during the ongoing election campaign.<\/p>\n\n\n\n

As mentioned, the DOGE price surged in response to Musk's post, fueling further speculation.<\/p>\n\n\n\n

Dogecoin Sees Price Gains<\/h2>\n\n\n\n

Dogecoin's value climbed nearly 5% after reaching a 24-hour low of $0.08947, trading at $0.09417 at the time of writing. The coin\u2019s highest price during the day was $0.09777.<\/p>\n\n\n\n

Dogecoin\u2019s futures open interest (OI) increased by 0.59% on the 4-hour chart, and 0.14% over the 1-hour chart, reaching $443.17 million. <\/p>\n\n\n\n

The correlation between Musk\u2019s post and Dogecoin\u2019s price movement has drawn considerable attention.<\/p>\n\n\n\n

Some market analysts speculate that a Trump win could lead to a rally in Dogecoin, especially with Musk holding a government position labeled “DOGE.”<\/p>\n\n\n\n

Polymarket data \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>shows that Trump's odds of winning are 51%, and Harris's are 48%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk confirmed DOGE as a cabinet role\u00a0if Donald Trump wins the presidential election. Dogecoin’s price surges\u00a0over 5%. Following Elon Musk\u2019s statement about his excitement to audit U.S. Federal Agencies under Donald Trump, a notable post on X from the entrepreneur gained nationwide attention on Saturday. The Tesla and SpaceX CEO confirmed the name “DOGE,” […]<\/p>\n","protected":false},"author":56,"featured_media":92440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18671,12496,223,14385,19232],"class_list":["post-92438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogecoin-doge","tag-donald-trump-2","tag-elon-musk","tag-kamala-harris","tag-us-presidential-elections-2024"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/Elon-Musk-Confirms-DOGE-Post-Donald-Trump-Speech.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=92438"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/92440"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=92438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=92438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=92438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}