Elon Musk DOGE Trigger: Meme Lord's Post Stirs Excitement Across Movie Buffs and Cryptocurrency Space

Tech entrepreneur and meme lord Elon Musk has triggered excitement that cuts across ardent movie fans and the broader cryptocurrency space

Elon Musk has shared a meme of himself as “The Dogefather” in a recent post on X that has garnered over 14 million views. The black-and-white meme is a direct replica of the classic movie adaptation of Mario Puzo’s iconic novel, "The Godfather."

While the meme is open to interpretation, it has sparked discussions within the cryptocurrency community about the possibility of Dogecoin (DOGE) becoming the Department of Government Efficiency (D.O.G.E). Musk has previously expressed his intention to implement sweeping government reforms and drastically reduce waste within federal agencies.

Some speculate that the meme could be a visual representation of Musk's upcoming role in government, while others view it as one of Elon Musk's promotional posts for Dogecoin. The meme has also generated excitement among X users and crypto enthusiasts.

Interestingly, following Musk's post, Dogecoin has witnessed a 4.98% surge to $0.3838 at the time of writing, according to CoinMarketCap data.

The meme coin has soared by 35.56% in market volume to $9.45 billion, indicating a renewed interest in the dog-themed meme coin. Musk's post appears to have supported Dogecoin's rebound moves, following the price dip to as low as $0.3595 in earlier trading over the past 24 hours.

Musk is known for his frequent posting of memes and is strongly attached to Dogecoin. His posts on DOGE usually trigger bullish sentiment among members of the meme coin’s community. Some within the community anticipate that Dogecoin could rally and exceed the $1 level predicted by analysts.