Elon Musk’s recent DOGE-themed post on
Musk’s DOGE tweet sparks excitement among fans
Elon Musk, known for his affection for Dogecoin (DOGE) and his internet humor, shared a tweet that excited DOGE supporters across the crypto sphere. THE tweet featured a photo of Musk with both hands raised, humorously paralleling a DOGE meme showing a Shiba Inu in a similar triumphant pose. While the DOGE community responded enthusiastically, some crypto industry figures, particularly Bitcoin advocates, expressed contrasting views, reiterating their preference for BTC over meme coins.
One of the most notable crypto analysts, @Nebraskangoonerwondered why DOGE did not see a price hike following Musk’s tweet. Contrary to expectations, DOGE experienced a brief 2% drop in value shortly after the article was published. As of this writing, Dogecoin is trading at around $0.14236, indicating that Musk’s endorsement had little immediate impact on the meme coin’s valuation.
Bitcoin fans respond with “BTC > DOGE”
Prominent X user @TheBTCTherapist, with over 140,000 followers, joined the conversation by responding to Musk’s DOGE post with a simple message: “Bitcoin > Doge.” Despite this, the majority of responses were supportive of DOGE, with many fans expressing appreciation for Musk’s humorous nod to the meme-based cryptocurrency.
Last week, Musk briefly referenced XRP during a question-and-answer session during one of his US tour stops. When asked if he thought XRP Ledger would be adopted by financial institutions, especially amid the ongoing scrutiny by the SEC, Musk highlighted his general belief in crypto as a way to counter the centralized control. He notably clarified that this comment was neither an endorsement nor a criticism of XRP in particular.
Ripple CEO Brad Garlinghouse reacted to Musk’s remarks, pointing to public interest in XRP as proof of its relevance. He noted that the SEC’s recent actions have focused public attention on crypto assets, pushing conversations about XRP beyond niche circles.
Conclusion
While Musk’s latest post on DOGE amused and engaged many, the response reveals a divide among crypto enthusiasts. Some, like the DOGE army, are celebrating this lighthearted promotion, while Bitcoin proponents and other blockchain advocates remain cautious. As the debates continue, Musk’s unpredictable influence on meme coins like DOGE keeps crypto watchers on alert.