Established in order to increase the effectiveness of public expenditures in the United States, despite the similarity of the name, Dogecoin $0.169399 He gained formally that he had nothing to do with. The rumors circulating recently, while attracting the attention of both investors and crypto currency community, the agency’s allegations that the agency would use a Dogecoin or a similar token was denied by the authorities. Elon Musk’s statements in Wisconsin put an end to these discussions. According to official sources, the focus of the agency includes only public savings and productivity.
End of speculation from Elon Musk
Green Bay, Elon Musk, speaking at a meeting in Wisconsin, said in a clear language that the news that Dogecoin will be used by the state was unfounded. Musk denied speculation with a clear language with his words, “The state does not have a plan to use dogecoin or a token,”. In the continuation of the statement, different names are considered for the agency, but the name of the name of the name of the name of the internet culture, he said.
The similarity between the agency’s name and Dogecoin had prepared the ground for rumors spreading on social media in a short time. Especially the Dogecoin symbol, which appears for a short time on the official website of the agency, caused these rumors to grow. However, both Musk’s lyrics and the statements of the agency officials clarified that Diege was not related to any crypto currency project. Following these explanations, it was observed that the speculative interpretations in the market slowed down.
Market response and dogecoin price
As soon as the name of Dogecoin came to the agenda, there were small fluctuations in prices. In the last 24 hours, Dogecoin depreciated by about 3.5 %. This decrease depends not only on the rumors of agency, but also to the horizontal course in the general crypto currency market. Previously, the name of Dogecoin’s name with different developments caused short -term price movements. This once again revealed that investors were affected by the name similarities.
Such speculations, which are frequently encountered in the crypto currency market, often cause projects to deviate from the real value of the projects. Especially when Elon Musk’s name is mentioned, it is now usual to take rapid reactions in the Dogecoin. However, this time, both the state officials and the Musk, the rumors without wasting time in a clear language.
The main purpose of the agency is “Public Savings”
The basic mission of the Doge Agency stands out as increasing effectiveness in public expenditures and preventing waste. The agency’s reforms reported that taxpayers save an average of $ 840. The total savings of 130 billion dollars reached are considered as an indication of the effective work of the agency.
In line with this savings target, the regulations between the departments show that steps have been taken to use more strategic use of public resources. This agency, which is followed by the world of crypto currency, is actually working in the focus of economic efficiency independently of technology. It is only a coincidence similarity to associate with the name Dogecoin.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
