Elon Musk, the Tesla billionaire who has been named by U.S. president-elect Donald Trump to lead the new "Department of Government Efficiency".

Dogecoin (DOGE) is down 4% on Thursday after key figures, including Elon Musk, shared views on its token design and what a deflationary path could mean for its appeal as a currency. Meanwhile, traders Ali Martinez and Peter Brandt highlighted key similarities between Dogecoin's current price movement and historical data.

Dogecoin is on a week-long tear ... not least because the coin’s most visible booster—Tesla founder Elon Musk—has become an integral part of the President-elect’s inner circle after aligning himself with Republicans in July. Since the election ...