DOGE futures interest rate is reaching near record levelsthanks to increasing confidence that Donald Trump will win next week’s presidential election. Traders view DOGE as an election play thanks to Elon Musk’s endorsement of the Republican candidate, and by extension, the possibility of Musk leading a “Department of Government Efficiency,” abbreviated as DOGE. DOGE futures are up 33% since Sunday to 8 billion tokens as of European morning hours Tuesday. “Elon puts the idea of ​​a ‘Department of Government Efficiency’ into practice and can somehow link it to DOGE,” influential X account @theunipcs told CoinDesk. A Trump victory next week would see “an even more parabolic move in dogecoin,” @theunipcs added.