Dogecoin remains the sole memecoin in the crypto top 10 by market cap, demonstrating enduring dominance despite recent price struggles. Data shows a 1.2% gain over 24 hours but declines of 14.1% and 24.2% over two weeks and one month, respectively. Market observers suggest Elon Musk‘s new status as the world’s first trillionaire, achieved after SpaceX‘s record IPO, could influence the asset’s trajectory given his longstanding public support for DOGE.
Dogecoin maintains its unique position as the only memecoin among the top 10 cryptocurrencies by market cap. CoinGecko data shows the asset gained 1.2% in the last 24 hours and 7.9% over the past week. However, it has fallen 14.1% over 14 days and 24.2% in the last month.
The coin’s future is often discussed in connection with Elon Musk, who recently became the world’s first trillionaire. His achievement followed SpaceX‘s historic $75 billion Initial Public Offering, placing him in an unprecedented financial league.
Musk has publicly disclosed his admiration for Dogecoin on multiple instances. He stated that he likes the non-serious nature of the coin and noted the irony if a joke cryptocurrency became the primary one. His support extends beyond words, as he enabled DOGE payments for Tesla and SpaceX merchandise.
Further integration is speculated, with talk of DOGE payments on the X Money platform from X. Such a move could provide mass exposure and potentially push DOGE to a new all-time high. Musk also stated he would put an actual Dogecoin on the moon by 2027.
SpaceX is additionally expected to launch the DOGE-1 satellite, which was funded entirely using DOGE. The global spotlight on Musk is now more intense than ever following his trillionaire milestone. Historically, his actions and mentions have often preceded DOGE price rallies.
