In a compelling new development, Vivek Ramaswamy, who was supposed to co-lead the ambitious Department of Government Efficiency with Elon Musk, has exited, leaving Musk as the sole head of the D.O.G.E. The dynamic Trump administration has reportedly given Ramaswamy a governance bid in Ohio, offering him to lead Ohio as governor. Will this new development have any credible impact on Dogecoin (DOGE) now that Musk will run the department holistically? Let’s find out.
Also Read: Cryptocurrency: 3 Coins To Skyrocket After Trump’s Presidential Ceremony
Ramaswamy Exits D.O.G.E.
On January 20, Vivek Ramaswamy announced his plans to leave the Department of Government Efficiency, a domain that he was supposed to lead alongside Tesla chief Elon Musk. Taking it on X, Ramaswamy tweeted that it was an honor to assist Musk in co-creating D.O.G.E.
“It was my honor to help support the creation of DOGE. I’m confident that Elon & team will succeed in streamlining the government. I’ll have more to say very soon about my future plans in Ohio. Most importantly, we’re all into help President Trump make America great again! 🇺🇸.”
It was my honor to help support the creation of DOGE. I’m confident that Elon & team will succeed in streamlining government. I’ll have more to say very soon about my future plans in Ohio. Most importantly, we’re all-in to help President Trump make America great again! 🇺🇸 https://t.co/f1YFZm8X13
— Vivek Ramaswamy (@VivekGRamaswamy) January 20, 2025
Moreover, US media outlets noted that Ramaswamy was ultimately running for the Ohio governor’s bid soon. Per CBS, Ramaswamy will reportedly announce a campaign to run as the governor of Ohio by the end of January in a striking new development.
Also Read: Nvidia Stock: When Will NVDA Reach $180?
Elon Musk As The Sole Lead Of D.O.G.E: Impact On Dogecoin
As Musk gears up to lead the Department of Government Efficiency alone, this brings about a radical change in the creation of new policies when it comes to heading the department with utmost transparency. For instance, Musk will now be solely responsible for carrying out federal budgeting duties, reducing financial wastage, and promoting transparency in all department centric endeavors
His policies and new announcements could, however, impact Dogecoin in a certain way. In Trump’s inauguration ceremony, Musk stated how he intends to take D.O.G.E. to Mars, playing with Dogecoin price sentiment from the get-go.
Elon says, “we are going to take $Doge to Mars,” at the inauguration. 👀 Dogecoin pic.twitter.com/YpGNTPetpp
— Dogecoin OG (@realDogecoinOG) January 21, 2025
At the same time, ambitious predictions stating how Doge could hit $10 as the token continues to bank on the Musk-D.O.G.E phenomenon are also catching pace. In addition to this, rumors of DOGE being added to X are also making rounds. If this development materializes, DOGE prices could skyrocket beyond normal price thresholds.
“$DOGE $10+ DOGECOIN?! 🚀🚀This weekly chart of #DOGECOIN shows its performance in the days and weeks. Following each presidential inauguration. (indicated by vertical green lines). • 1st cycle (2017): Dogecoin increased 30X after the inauguration date. • 2nd cycle (2021): Dogecoin increased 80X in the following weeks. Currently in the 3rd cycle: We are just one day before the presidential inauguration. If Dogecoin follows just the average of the last two cycles (55X) from its current priceof $0.38. The peak price would reach $20.”
$DOGE $10+ DOGECOIN?! 🚀🚀
— Crypto Daily Trade Signals (@cryptodailyTS) January 20, 2025
This weekly chart of #DOGECOIN shows its performance in the days and weeks following each presidential inauguration (indicated by vertical green lines).
• 1st cycle (2017): Dogecoin increased 30X after the inauguration date.
• 2nd cycle (2021):… pic.twitter.com/QoMQu1QUm8
Also Read: Shiba Inu Projected To Reach $0.003: Here’s When