DOGE News Today: Elon Musk Leaves, Congress Cuts Down and DOGE Price Predictions

DOGE news: Elon Musk leaves the Government as Congress considers cutting down the whales on DOGE. In a major development that has created waves in the political and cryptocurrency circles, Elon Musk has officially ended his role as Special Government Employee under the Trump administration. Musk was previously the head of the Office of Government Efficiency (DOGE), pushing for strong proposals aimed at cutting down federal spending — particularly targeting foreign aid, USAID, and public broadcasting. The National Assembly is currently reviewing and voting on a bill formed under Musk's initiative, sparking debates around financial reform and the government's long-term savings. This move has led to an increase in interest in Dogecoin, not only because of the abbreviation of the department (DOGE) but also because of Musk's historical support for the meme coin. Submit ETF DOGE application: 21Shares attracts interest from institutions Another price catalyst for $DOGE is the recent filing by 21Shares to launch the first Dogecoin ETF. This move marks a significant step towards institutional adoption and could open the door for mainstream investors to access $Dogecoin through traditional financial markets. The ETF, if approved, would signal an increasing recognition of DOGE not just as a meme, but as a legitimate digital asset with long-term relevance to the market. The timing of this filing coincides with the current price surge and reinforces the bullish momentum. The price of Dogecoin skyrockets: What is driving this price increase? As of now, $Dogecoin is trading at $0.2257, up 1.17% in the last 24 hours, with a high of $0.2278 in the last 24 hours. The trading volume has increased to $1.4 billion, reflecting a clear increase in market interest.

$DOGE is experiencing a new wave of optimism, primarily driven by: The participation of new retail investors across cryptocurrency communities is increasing attention from the political field, especially with stories about cryptocurrency during Trump’s time regaining momentum. The revival trend of Memecoin, with $DOGE once again standing out amidst the saturated market of newer meme coins. The ETF filings from 21Shares signal a shift towards institutional credibility. Price prediction for DOGE: Can Dogecoin reach 1 dollar in June? $DOGE is still 69.4% lower than its all-time high of $0.7376 on May 8, 2021 (, but the current momentum could change that trend. If buying pressure continues and $DOGE breaks through the resistance levels around $0.25 and $0.30, then a spike up to $1 by June 2025 is still within reach. It is noteworthy that the unlimited supply of $Dogecoin )∞( poses long-term inflation challenges. However, its increasing integration with major platforms, usability in small transactions, and enduring cultural relevance still maintain the bullish case.

Conclusion: DOGE is aiming for the 1 dollar mark amidst the political context that is being focused on. With Elon Musk stepping down from the government position led by DOGE, $Dogecoin has become a headline in political circles and organizations like 21Shares are joining the game, the momentum is rapidly increasing. As the market reacts to both fundamental factors and those driven by the narrative, $DOGE may be preparing for another historic move — and possibly a price surge towards the $1 mark by June.