Rockets aren’t the only thing Elon Musk is sending into the stratosphere. After a three-year plummet, dogecoin is blasting off again, jumping 250% since the election of Donald Trump – part of a broader wave of optimism in the industry,

The bitcoin price has topped $90,000 per bitcoin, up 20% in a week, as traders eye $100,000 in the wake of Donald Trump's U.S. presidential victory, with Musk's "favorite" cryptocurrency dogecoin leading a price pump that's sent the combined market back over $3 trillion for the first time since 2021.

Elon Musk has been tapped to co-lead the Department of Government Efficiency (DOGE) after years of hyping up cryptocurrency Dogecoin.

Dogecoin (DOGEUSD)(DOGEBTC) has rocketed to $0.44, marking a 172% increase since November 1, driven by significant whale activity, market optimism, and speculative bullish factors including political and corporate developments.

Elon Musk has shared his own disbelief that the government efficiency department Donald Trump tapped him to lead “is real.” The world’s richest man and SpaceX owner, who holds billions of dollars in government contracts through his companies,