Saad Ullah
Elon Musk’s recent DOGE-themed post on X has ignited interest within the DOGE community, although it failed to boost the trading asset's price.
Musk's DOGE Tweet Stirs Enthusiasm Among Fans
Elon Musk, known for his affection for Dogecoin (DOGE) and internet humor, shared a tweet that excited DOGE supporters across the crypto sphere. The tweet featured a picture of Musk with both hands raised, humorously paralleled by a DOGE meme showing a Shiba Inu in a similar triumphant pose. While the DOGE community responded with enthusiasm, some prominent figures in the crypto industry, particularly Bitcoin advocates, voiced contrasting views, reiterating their preference for BTC over meme coins.
One of the notable crypto analysts, @Nebraskangooner, questioned why DOGE didn’t experience a price pump following Musk’s tweet. Contrary to expectations, DOGE experienced a brief 2% drop in value shortly after the post was published. As of this writing, Dogecoin trades at approximately $0.14236, signaling that Musk's endorsement had little immediate impact on the meme coin's valuation.
Bitcoin Fans Respond with “BTC > DOGE”
Prominent X user @TheBTCTherapist, boasting 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 replies were supportive of DOGE, with many fans expressing their appreciation for Musk’s humorous nod to the meme-based cryptocurrency.
Last week, Musk briefly referenced XRP during a Q&A at one of his U.S. tour stops. When asked if he thought XRP Ledger would find adoption in financial institutions, particularly amidst the ongoing SEC scrutiny, Musk emphasized his general belief in crypto as a means to counter centralized control. Notably, he clarified that this comment was neither an endorsement nor a criticism of XRP specifically.
Ripple’s CEO Brad Garlinghouse reacted to Musk's remarks, highlighting the audience's interest in XRP as evidence of its relevance. He noted that the SEC’s recent actions have driven public attention to crypto assets, pushing conversations about XRP beyond niche circles.
Conclusion
While Musk’s latest DOGE post amused and engaged many, the response reveals a split among crypto enthusiasts. Some, like the DOGE army, celebrate the lighthearted promotion, whereas Bitcoin supporters and other blockchain advocates remain cautious. As debates continue, Musk’s unpredictable influence over meme coins like DOGE keeps crypto watchers alert.
Saad Ullah
