Will Musk and Vivek Ramaswamy's DOGE Reform Motivate DOGE to Reach $2?

In the latest development, House Speaker Mike Johnson has confirmed that Musk and Ramaswamy will meet with Republican members in the House and Senate on December 5. They will come to Capitol Hill next week to present the key reform proposals of the Department of Government Efficiency (DOGE). After Trump's victory, which the cryptocurrency community had been expecting, Elon Musk and Vivek Ramaswamy were chosen to lead the newly formed Ministry of Government Efficiency. They aim to cut federal spending by 2 trillion dollars. Notably, Bitcoin has shown an impressive price surge to $100,000 and DOGE reached its highest price in three years after Trump's victory. Dogecoin has surged more than 10% after US President-elect Donald Trump revealed that Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead DOGE. DOGE has attracted the attention of both parties Trump noted that DOGE will lead the government to dismantle the bureaucratic machinery, loosen excessive regulations, cut spending, restructure federal agencies, and more. Notably, the Department of Government Efficiency (DOGE) will propose key proposals to reform government regulations and agencies. Dogecoin Price Analysts may surpass the $1 threshold and go further with a strong price surge to $2.2. Rep. Ro Khanna, D-Calif., and Sen. Joni Ernst, R-Iowa, are rallying support for President-elect Donald Trump's Department of Government Effectiveness. Bipartisan interest in DOGE underscores the growing momentum toward federal spending cuts and increased accountability in government operations In addition, DOGE has also received support from many private sector leaders, including venture capitalist Marc Andreessen, hedge fund manager Bill Ackman, and former Uber CEO Travis Kalanick. "We are entrepreneurs, not politicians. We will serve as outside volunteers, not federal bureaucrats or staff. Unlike government or advisory committees, we will not just write reports or cut ribbons. We will cut costs," noted Musk and Ramaswamy in an op-ed for the Wall Street Journal. Musk's activities and statements in politics are increasing, and he even publicly declared that he would fire some federal employees when Trump took office. However, critics have raised concerns about DOGE's transparency and oversight, given that the project relies on volunteers in the private sector rather than traditional government officials. Musk emphasizes the impact of the Biden administration In the latest post on X, Musk highlighted the way the Biden administration impacts economic and business growth. Ramaswamy and Musk criticized the government for forcing individuals and businesses to withdraw money from banks. Cryptocurrency executives, including David Marcus, who heads Facebook's Libra project, revealed how the government politically killed the stablecoin Diem. In the latest developments, Bluntz Capital analyst has predicted that the price of Dogecoin will increase by 420% to $2.2. Another top analyst, Rekt Capital, noted that the Dogecoin price chart has formed an 'ascending triangle' pattern on the daily chart, suggesting that it may experience another round of capital inflow. He further stated that DOGE needs to close the week above $0.43 to confirm a breakthrough to $1. Notably, DOGE has formed a 'golden cross' on the 4-hour chart, which could trigger a price increase to $2.