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Explore the origins, features, and market performance of Dogecoin, analyze Musk's deep connection with Dogecoin, and uncover the reasons behind the surge in Dogecoin's price driven by the establishment of the "DOGE Department" during the 2024 U.S. presidential election.

Neiro is a Shiba Inu Dog that inspired the launch of Neiro tokens across different blockchains. Neiro Ethereum is a meme coin backed by a vibrant community and leading influencers in the crypto space.

Gate Research's daily market review and outlook covers Bitcoin and altcoin market trends, macro capital flows, on-chain metrics analysis, updates on trending projects, token unlock information, and significant industry conferences. It provides comprehensive analysis and predictions for the cryptocurrency market.

The Department of Government Efficiency (DOGE) was created to improve the efficiency and performance of the U.S. federal government, aiming to foster social stability and prosperity. However, with its name coincidentally matching the Memecoin DOGE, the appointment of Elon Musk as its head, and its recent actions, it has become closely tied to the cryptocurrency market. This article will delve into the Department's history, structure, responsibilities, and its connections with Elon Musk and Dogecoin for a comprehensive overview.

Dogecoin is a memecoin and probably the most unique one among dozens of mainstream cryptocurrencies.

Meme coins are more than just symbols of social media trends and humor; they also bypass strict securities regulations. This allows them to be used for political speculation, raise funds for charity, support startups focused on AI agents, and offer a fair platform for launching tokens without the early dominance of venture capitalists.

This article explores the economic principles of meme coins, analyzing the mechanism of meme propagation and its application in the cryptocurrency sector. Meme coins combine popular culture and internet trends, gaining attention through viral spread and community support. The article highlights the high volatility, emotion dependency, and market manipulation risks of meme coins, and discusses their integration with NFTs and DeFi. Although meme coins offer innovative ways to participate and potential high returns, investors are advised to carefully assess the risks.

Gate Research: The cryptocurrency market experienced significant volatility this week. Amid global financial turmoil, Bitcoin rebounded to above $57,000 after dipping below $49,000. Meanwhile, Ethereum underperformed, declining by over 40%. Additionally, the Ronin Bridge was exploited, sparking market concerns, although some assets have been returned. Despite a strong rebound in the altcoin market, the overall recovery has been slow. Investors should continue to monitor macroeconomic factors and market sentiment.

Gate Research Weekly Review and Outlook reports, BTC showed an upward trend this week, reaching a high of 64,812 before pulling back. The resistance level to watch is $64,800. This week, Bitcoin ETFs saw a net inflow of $352 million, while Ethereum ETFs experienced a net outflow of $69.76 million. The total market cap of stablecoins increased by 0.65%, indicating further inflow of off-market incremental funds. Hamster Kombat released its roadmap, planning to launch a dedicated advertising network with revenue used for token buybacks. PayPal will allow U.S. business customers to buy, hold, and sell cryptocurrencies. The Base network's Total Value Locked (TVL) surpassed $1.9 billion, reaching a new all-time high. Truflation suffered a hacker attack, resulting in a loss of approximately $5 million.