Dogecoin (DOGE) remains the lone memecoin holding a spot in the top 10 cryptocurrencies by market capitalization — a rare survivor as countless rivals have come and gone. According to CoinGecko, DOGE has edged up 1.2% over the past 24 hours and 7.9% over the last week, even as it sits 14.1% lower over two weeks and down 24.2% on the month.
What keeps DOGE in the conversation is less about fundamentals and more about influence — notably that of Elon Musk. The tech billionaire has repeatedly expressed fondness for Dogecoin’s “non-serious” origins, famously noting the irony if a joke coin became a dominant crypto. His endorsements have gone beyond tweets: Tesla and SpaceX merchandise can be bought with DOGE, and Musk has floated the idea of integrating DOGE payments into X’s payment ambitions (X Money). Inclusion on a high-profile payments platform like X Money could deliver massive exposure and — potentially — new price highs.
Musk has also been vocal about more ambitious, headline-grabbing plans: he has said he intends to place a Dogecoin on the moon by 2027, and SpaceX has previously announced the DOGE-1 mission, a satellite reportedly funded entirely with DOGE. Those projects, together with Musk’s recent ascent into unprecedented wealth following the SpaceX IPO, have placed extra spotlight on the token.
While none of these developments guarantee a price turnaround, history shows Musk’s public attention often correlates with volatile DOGE price action. Traders and observers will likely be watching the next mention closely — it could spark anything from a short-lived pump to a more sustained rally.
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