Plenty of memecoins have come and gone, but Dogecoin (DOGE) remains the only one still holding a place among the top 10 cryptocurrencies by market cap. That staying power is its real badge of honour — a coin that began as a joke now carries the weight of a top-tier crypto project.
Where the price stands today
The numbers from CoinGecko paint a mixed picture. Over the last 24 hours DOGE has climbed 1.2%, and across the past week it is up 7.9%. Look a little further back, though, and the pressure shows: the coin is down 14.1% on its 14-day chart and has slid 24.2% over the last month. In short, DOGE has had a rough stretch — but the weeks ahead could flip the script, and much of that hope rests on one man: Elon Musk.
Musk's long-running soft spot for DOGE
Musk has gone public with his fondness for Dogecoin (DOGE) more than once. He has said it is precisely the coin's playful, non-serious nature that he enjoys, and he has remarked that it would be ironic if a cryptocurrency that started as a joke ended up becoming the main one.
His support has gone well beyond words. Musk has enabled DOGE payments for Tesla and SpaceX merchandise, giving the coin a genuine path to real-world use.
X Money and a shot at the moon
There is also growing chatter that X could add DOGE payments to its X Money platform. Were that to happen, the memecoin would gain mass exposure overnight — a move that could push DOGE to a fresh all-time high.
Musk's ambitions stretch even higher. He has said he would put an actual Dogecoin on the moon by 2027. On top of that, SpaceX is expected to launch the DOGE-1 satellite, a mission funded entirely using DOGE.
How becoming a trillionaire changes the math
Now that he is the world's first trillionaire, the global spotlight on Musk is brighter than ever. The SpaceX IPO (Initial Public Offering) has lifted the world's richest person into a league of his own. Given that new status, there is a real chance we could see some action in Dogecoin (DOGE).
Nothing about such a move is guaranteed — but history shows that Musk's actions have often sparked DOGE price rallies. The next time the tech mogul so much as mentions DOGE, the market could see massive price swings.
