Interest in DogeCoin has skyrocketed following the announcement that Elon Musk will head a new agency under the upcoming Trump administration, sparking a dramatic 777% rise in global search queries for the popular cryptocurrency.
Global Google searches for Dogecoin reached a staggering 667,410 on Tuesday, November 12 2024 – nearly eight times the daily average from just four weeks ago. This surge in interest follows the revelation that Elon Musk will take the helm of the ‘Department of Government Efficiency’ or DOGE, a new initiative announced by President-elect Donald Trump.
BULL RUN | #MemeCoins Witness Double Digits Growth in Latest #Bitcoin Wave https://t.co/GEHeBGrcn2
— Cryptolid.io (@Cryptolid_io) March 6, 2024
A Massive Spike in Search Interest
Over the course of just one day, searches for “Dogecoin” exploded, rising from an average of 76,141 daily searches to over 667,000 – a massive 776.55% increase. The spike began after Musk shared a statement from Trump on X (formerly Twitter), officially confirming his new role leading the DOGE agency.
Interestingly, this wasn’t the first time interest in Dogecoin surged in the past month. A significant bump in searches occurred on November 6 2024 when Trump was projected to win the 2024 presidential race, with 244,403 global searches for “Dogecoin” that day.
The trend continued to build momentum, reaching 432,406 searches on November 10 2024, and climbing to the 667,410 mark just two days later.
Where Are Dogecoin Fans Searching From?
- The United States is currently leading global interest in Dogecoin, accounting for 1.5 million searches over the last month.
Other countries with notable search activity include,
- Germany and Brazil, both with around 458,000 searches each, followed by
- The UK and Netherlands, which logged 253,000 and 205,000 searches, respectively.
Other countries like,
- Canada, France, Italy, and Spain are also showing strong interest in the cryptocurrency.
The total search volume for “Dogecoin” this week alone has already reached 1.4 million, putting it on track to surpass the highest weekly search count since June 2021, when searches topped 1.8 million.
“Dogecoin Price” and “Buy Dogecoin” Also See Huge Gains
The surge in interest also carried over to key search terms like “Dogecoin price” and “Buy Dogecoin.”
On November 12 2024, searches for “Dogecoin price” hit 419,056, a 788% increase from the daily average of 47,190 just four weeks earlier.
Meanwhile, the keyword “Buy Dogecoin” saw the sharpest jump, with searches rising by an astonishing 922.83% from 2,666 to 27,272 in just one day.
While the Dogecoin mania has reached new heights, experts urge caution.
“Europe woke up to the news of Musk heading Trump’s so-called DOGE agency and didn’t waste any time making the connection with Dogecoin,” said one analyst.
“However, given the unpredictable nature of the Trump administration, investors should be cautious before rushing to pour funds into Dogecoin.”
What Is the DOGE Agency?
In the statement shared by Musk, the DOGE agency’s mission is to “dismantle Government Bureaucracy” by offering “advice and guidance from outside of Government” while working with the White House and the Office of Management and Budget to drive large-scale structural reforms.
Trump also named biotech investor, Vivek Ramaswamy, to the team.
The announcement was officially posted by both Musk and Trump on November 13 2024, fueling even more speculation about the potential impact of the DOGE agency on both government reform and the price of Dogecoin.
At the time Musk shared the news, Dogecoin’s market value was trading at $0.41056, setting the stage for the frenzy that would soon follow.
As the world watches closely, Dogecoin’s connection to high-profile figures like Elon Musk and Donald Trump continues to generate massive interest. Whether this spike in searches will translate into lasting price momentum for the cryptocurrency remains to be seen.
But one thing is clear: Dogecoin is back in the spotlight, and its future has never seemed more unpredictable.
