“If you’re a dog, X is the place to be,” Musk’s mother Maye Musk wrote on Twitter. Responding to this tweet, Musk said, “X is a dog and Doge friendly place!”

Musk’s post implied that X is a platform that supports Dogecoin. Some users thought that X would offer features like paying with Dogecoin or receiving donations in the future. Others claimed that Musk was just joking or trying to pump Dogecoin.

The Dogecoin price increased by more than 5 percent to $0.06547 after Musk’s post. At the time of writing, DOGE is trading at $ 0.06343.

Musk has made many posts about Dogecoin before. In January, Musk wrote “Bitcoin” in his Twitter bio, then tweeted, “Dogecoin is actually the best cryptocurrency.”

X is a dog & Doge friendly place!

— Elon Musk (@elonmusk) August 23, 2023

Musk’s views on Bitcoin and Ethereum are also curious. Musk recently said that he supports Bitcoin on the voice chat application Clubhouse. “I think Bitcoin is a good thing. I joined the party a little late. I’m a Bitcoin supporter now,” Musk said, referring to the potential of Ethereum.

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Musk’s interest and influence on the cryptocurrency market continues. We are eagerly waiting to see what the world’s richest man thinks about cryptocurrencies and what he will do.

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