Elon Musk is influential in the world of cryptocurrencies, and his relationship with $DOGE is a prominent example. Over the years, Musk has expressed his support, often with a humorous tone, towards this cryptocurrency in his posts on X.
Every time Musk mentions Dogecoin on X or in interviews, its price tends to experience significant increases, reflecting his ability to influence the market. For example:
In 2021, Musk referred to himself as the "Dogefather" before appearing on Saturday Night Live, which caused both a surge and subsequent volatility in the value of the cryptocurrency.
Tesla and SpaceX have adopted Dogecoin as a limited payment method.
SpaceX accepted Dogecoin as part of a project called "DOGE-1", a lunar mission fully funded with this cryptocurrency.
