jakiro
Jessy, bitchain vision
On October 29, DOGE rose sharply, breaking through US$0.16, with a 24-hour increase of 17%.
As the US election approaches, the Trump deal works again, and DOGE has also successfully captured political traffic and joined the Trump deal for the whole family.
DOGE is able to take advantage of the hot spots of the US election because of the world’s richest man Musk used his time, money and ability to support Republican candidate Trump without hesitation in this US election.
Musk’s brand and reputation are now highly bound to Trump’s brand and reputation.And Trump’s support is an important step in realizing his political ambitions.The bondage with Trump’s interests will also benefit his business empire after Trump’s election.And DOGE’s outstanding performance is the early cashing of this kind of profit.
DOGE to D.O.G.E
DOGE’s highest price was in April 2021 when the previous bull market broke through $0.7
This is thanks to Musk’s tweet “Doge Barking at the Moon” and accompanying pictures.
Musk became the most famous supporter of DOGE. He mentioned DOGE many times in his tweets and called it “the people’s crypto”, and he himself became the father of Dogecoin.It was after Musk’s repeated tweets that DOGE was able to break the circle and its market value was squeezed into the top ten cryptocurrency market value.
In this cycle, Musk has been deliberately selling DOGE many times. The most recent time was that Musk proposed to establish a Department of Government Efficiency, and the abbreviation of this department is D.O.G.E.The name and abbreviation of the department are all derived from the suggestions of the DOGE community, and Musk adopted the suggestions of the members of the DOGE community.
The Department of Political Efficiency comes from an initiative he co-sponsored with Trump that aims to conduct a comprehensive financial audit of the federal government and proposes recommendations to reduce waste, fraud and unnecessary spending.
Trump himself responded positively to Musk’s proposal to establish the Ministry of Political Efficiency. Trump announced in a speech at the New York Economic Club on September 6 that if he is elected president, he will jointly create the Ministry of Government Efficiency with Musk.
DOGE is taking advantage of D.O.G.E traffic. Musk once again discussed the D.O.G.E plan in his speech at Pennsylvania City Hall on October 17, and DOGE rose by 30% at that time.
DOGE’s potential lies in its high bond with Musk. The richest man, Musk, is too good at making up his life. Just like this time, DOGE took advantage of the election.As long as Musk is always active in front of the stage, DOGE will always have hot spots to take advantage of.
Technological accelerator Musk, support for trade protectionist Trump
And this time, Trump was able to actively respond to Musk’s initiative to establish D.O.G.E.It is also because at present, Trump and Musk’s interests are highly bound.
Musk has become a regular on Trump’s campaign since Trump was assassinated in July 2024.
In the US election, what can determine the final outcome of this US election is actually the votes of voters from several swing states.In these areas, the support rates of both parties are currently equal.
Pennsylvania became the most important swing state in this election because of its 19 electoral votes.According to election analyst Nate Silver, the chances of winning the state’s candidates into the White House are more than 90%.
According to the New York Times, in order to help Trump take Pennsylvania, Musk has moved to Pennsylvania to oversee Trump’s election there.
Musk promised to give away a random $1 million a day before voting day to a person who signed an online petition initiated by him and supports freedom of speech and the right to gun.However, the signatories must be registered U.S. voters and reside in seven swing states, Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania or Wisconsin.
In addition, Musk also provides a $100 reward for each registered voter in Pennsylvania who signs the petition, and recommending another registered voter in Pennsylvania to participate in the joint signing can also receive $100.
Musk’s political action committee, America PAC, has spent more than $119 million in this election cycle, according to data from nonprofit tracking agency Open Secrets.In addition, Musk’s own donations make him one of the largest individual donors in the presidential campaign.
After acquiring Twitter, Musk turned Twitter into a position to support Trump in public.
Full support for Trump is an important step in realizing his political ambitions.
The combination of top wealthy and powerful politicians has always been uncommon.This time, Musk and Trump put this combination on the table.Big capital has always had an unparalleled influence in the United States. They usually bet on both sides during the election to ensure that no matter who wins the election, their business interests are protected.It is rare in American history to openly and deeply support a candidate like Musk.
Musk is heavily on Trump, mainly because Musk is highly compatible with Trump in terms of political philosophy.
Musk is a believer in technology accelerator. Technology accelerators believe that they should use all resources that capitalist society can call at all costs and move towards the “technological singularity”. This technology may be big data and cryptocurrency.Technology may also be artificial intelligence, brain-computer interface, Mars immigration technology, or biotechnology, but no matter what it is, promoting technological innovation at all costs is the only ethical legitimate behavior. Human beings must accelerate the pace of technological progress and construction.Only by ensuring survival and promoting one’s own sense of existence in the universe.
Conservatives who believe that all kinds of new technologies should be strengthened are naturally labeled as negative by acceleratorism – “reductionism”.
In the eyes of a group of technology tycoons including Musk, the Democratic elites in the United States are just such “speed-downists”.And a businessman like Trump who opposes environmentalism and supports trade protectionism has become the object of support from Musks.
After Trump comes to power, Musk will also benefit directly not only from realizing his political ideals—becoming the head of the Ministry of Government Efficiency, but also from his business empire.
According to analysis, after Trump takes office, he may impose higher tariffs on Chinese electric car manufacturers, which may be a good thing for Tesla.
The Republican platform that Trump participated in shaping has promoted the cooperation between the government and SpaceX, which is under Musk’s monopoly on the commercial aerospace field.
More importantly, Musk and Trump are the same type of people. They see each other and form alliances to maximize each other’s interests.The big rise in DOGE is precisely the early realization of this benefit.There may be more similar moments after Trump is elected.
Musk-related concept coins or stocks will also be highly bound to “Trump transactions” in the future.
