
June 15th, 2025
Elon Musk has played a notable role in the rise of Dogecoin into the consciousness of the public. At different points in recent times, he has made several tweets in support of the meme coin which led to spikes in its price.
Shortly after Klarna CEO Sebastian Siemiatkowski expressed his concern over tweets promoting Bitcoin, reports revealed that the SEC is investigating Musk over DOGE tweets.
At present, the Robinhood app supports seven crypto assets including Bitcoin, Dogecoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash and Bitcoin SV.
Both Elon Musk and Changpeng Zhao agree that the Mars economy should run on cryptocurrency.
Elon Musk said that too much concentration of DOGE coins in the hands of big players is a matter of concern and thus he wants big holders to sell their coins.
Popular venture capitalist Nic Carter thinks that Dogecoin doesn’t have any real value apart from being a fun cryptocurrency. Carter doesn’t agree with Musk’s suggestion of HODLing Dogecoin.
Dogecoin price has significantly surged particularly thanks to Musk’s recent tweets endorsing the coin.
Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.
Several popular personalities like Snoop Dogg and Gene Simmons have followed Musk and are now tweeting about the Shiba Inu cryptocurrency. As DOGE hits a new all-time high it is now 1600% up year-to-date.
Cryptocurrency trader Scott Melker stated that technical analysis supports the prediction that Bitcoin may soon surge to $63,000.
Following today’s remarks from Musk, Dogecoin price has rallied by 55%.
From Gene Simmons’ list of digital assets, both XRP and Dogecoin have been involved in tremendous gains in the past few days mostly fueled by the WallStreetBets speculation frenzy.
Speaking about Bitcoin, Elon Musk stated that the asset “is really on the verge of getting broad acceptance by sort of the conventional finance people.”
Some analysts in the crypto industry say that the current price of XRP is unsustainable.
At the time of writing, DOGE is in the 10th position with a market cap of $7 billion.