Elon Musk Shares a Dogecoin Post – Price Remains Stable

Tesla CEO Elon Musk, known for his enthusiasm for Dogecoin and internet humor, recently shared a post combining both, sparking a wave of support from Dogecoin fans.

In his post on X (formerly Twitter), Musk shared a photo of himself with arms raised in triumph, next to a meme image of the iconic Shiba Inu dog from Dogecoin striking a similar pose with a muscular physique.

pic.twitter.com/y0UCd5NvMj

— Elon Musk (@elonmusk) October 28, 2024

While the post delighted Dogecoin followers, a few Bitcoin advocates voiced their preference for BTC over meme coins.

In another recent appearance, Musk mentioned cryptocurrency generally in response to an audience question on XRP’s potential adoption by financial institutions amidst U.S. regulatory scrutiny.

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While Musk clarified that his view didn’t directly endorse or oppose XRP, Ripple CEO Brad Garlinghouse later commented, attributing the community’s interest in XRP questions to its growing relevance in finance.

Despite his post, Dogecoin hasn’t made any significant price swings, unlike his previous comments on the cryptocurrency.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.