The Dogecoin (DOGE) memecoin rate rose by 13% 15 minutes after the announcement of the launch of the official website of the US Department of Government Efficiency (DOGE). On January 21, Dogecoin closed with a daily gain of 4.5%.

For now, the agency's website consists of a single page, with a logo in the center featuring the Dogecoin symbol of Kabosu the dog, a dollar sign, and the words "People voted for major reform."

The official @DOGE website is now live and uses the $DOGE logo, trader Cas Abbe commented on the launch.

According to crypto analysts, the use of the Dogecoin logo on the federal agency's website, even as a joke, further legitimizes the memecoin, its value and recognition. In addition, this step has had a positive effect on the cryptocurrency's value.

"The US government is now officially pushing memecoins and you still think there won't be a memecoin supercycle," added Cas Abbe.

Interestingly, it wasn't just Dogecoin that benefited from the launch of the DOGE website. A similarly named token, Department Of Government Efficiency (dogegov.com), has risen in price by 15% in the last 24 hours.

Donald Trump signed an executive order creating the Department, which aims to “restore competence and effectiveness to the federal government,” immediately after the inauguration ceremony.