Musk's three moves, can Dogecoin soar to the sky?

Musk will officially become the head of the "Department of Government Efficiency (DOGE)" in the Trump administration on January 20, 2025.
- Influence of New Position:
This may bring legitimacy certification to Dogecoin and attract more investors. Official support is like putting a coat of legitimacy on Dogecoin, giving it more discourse power on the international stage.
- Government Recognition:
This recognition is expected to transform Dogecoin from a speculative tool into a stable and reliable means of payment, thereby driving its price to rise significantly. Imagine Dogecoin as a puppy playing on the beach, suddenly being invited to a mansion party.
- X Money Assistance:
By launching the X Money platform, Dogecoin could become a mainstream payment option, significantly expanding its use cases. X Money is like a highway that allows Dogecoin to quickly reach global consumer scenarios.
- The unique model of Dogecoin:
In all cryptocurrencies based on the Proof of Work (PoW) mechanism, Dogecoin adopts a unique micro-inflation model. Deflation in traditional monetary systems can lead to consumption delays and hinder economic development, while Dogecoin does not have a fixed supply limit, avoiding deflation caused by scarce supply and maintaining economic vitality. Like an expanding balloon, Dogecoin's micro-inflation keeps economic activities active. This is a key advantage that Musk particularly values in Dogecoin. Dogecoin is not just Musk's achievement, but also a tool to help his business empire achieve cross-border free trade. Musk once said, "Dogecoin is like a star in the universe, its tiny light is enough to lead us into the future."
The future of Dogecoin depends not only on the promotion of these policies and platforms, but also on whether it can find its own place in the global economy and become a widely accepted form of currency.