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The Department of Government Efficiency price plunged 25% in the last 24 hours to trade at $0.3051 as of 02:39 a.m. EST on trading volume that surged 39% to $25 million, according to CoinGecko.
This comes as Elon Musk’s Department of Government Efficiency (DOGE), which he co-leads with entrepreneur Vivek Ramaswamy, starts recruiting high-IQ individuals to work in the taskforce.
“We need super high-IQ, small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting,” DOGE said in a statement on Thursday posted from its official account.
We are very grateful to the thousands of Americans who have expressed interest in helping us at DOGE. We don’t need more part-time idea generators. We need super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting. If that’s…
— Department of Government Efficiency (@DOGE) November 14, 2024
DOGE aims to streamline bureaucracy, cut federal jobs, and reduce the $6.75 trillion fiscal budget by a third. Interested parties looking to throw their hat in the ring must message DOGE directly, which already bears the grey check X introduced to signify a government body.
Department of Government Efficiency Price Aims For A Breakout
The DOGE/USDT chart on the 4-hour timeframe shows that the Department of Government Efficiency price is consolidating after a significant price surge. The price of Department of Government Efficiency is forming a symmetrical triangle pattern, which typically signals a continuation of the prior trend (bullish in this case) unless a breakout occurs in the opposite direction.
As a result of the recent rally, the DOGE price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a signal that the Department of Government Efficiency price has sustained the overall bullish prospects.
The Relative Strength Index (RSI) is currently trading around the $47 level, which shows that the RSI is in a neutral zone, neither overbought nor oversold.
If the bulls capitalize on the symmetrical triangle to push the price of Department of Government Efficiency up, DOGE could break out, as the bulls aim for the projected 137% to $0.70.
DOGE/USDT Chart Analysis (Source: Tradingview)
In a scenario where the bears push the price down to breach the lower boundary of the triangle, DOGE could plunge and might signal a test of the 50-day SMA at $0.2882 or even lower levels near $0.20.
As the DOGE price aims for a breakout, investors are piling into a new PolitiFi project called FreeDum Fighters (DUM), which has already raised over $590K in its presale.
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM can potentially surge 10X when it launches.
Is FreeDum Fighters The Next Crypto To Explode?
FreeDum Fighters is a satirical blockchain project that combines humor, politics, and gamification to parody the concluded US presidential election. It does so through fictional candidates MAGATRON and Kamacop 9000, which represent Donald Trump and Kamala Harris, respectively.
The project engages users through interactive features like debates, staking rewards, and airdrops, turning political participation into real crypto profits.
Ready for this year's elections?
Get involved early by joining the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Cast your vote by participating in the $DUM presale and using their stake-to-vote system 🗳️
Be sure to follow this project, you will not regret it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Red (@_Redweb3) October 17, 2024
If your chosen candidate wins a debate or significant favorable events arise, you will receive airdropped rewards added to your staked balance. Only those who have voted (staked) will qualify for these rewards.
Buyers are asked to vote (stake) for either the passionately patriotic MAGATRON or the trailblazing feminist Kamacop 9000. MAGATRON offers an annual staking yield of 252%, while the trailblazing feminist Kamacop 9000 boasts a stratospheric 422% return.
The team is set to add more political figures into the fray in future. Doge may be next in line, a personification of the new Department of Government Efficiency in the Trump administration. Dark MAGA has already made an appearance in the site’s art.
Such a future makes FreeDum Fighters a project that’s going to be here for the long term and also become the go-to platform for meme-ified PolitiFi.
DUM will be available on multiple blockchain platforms, including Ethereum (ETH), Binance Smart Chain (BSC), Base, and Solana (SOL).
Visit the official FreeDum Fighters website to buy $DUM tokens here using ETH, BNB, USDT, USDC, or SOL for $0.000085.
Buy before the price increases in slightly more than three days.
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