Elon Musk has officially launched the America Party, and one of the first clear messages from this party is its support for Bitcoin. In a post on X, Musk stated that 'fiat is hopeless', confirming that Bitcoin will be part of the party's future agenda.
However, while BTC once again takes center stage, Dogecoin – a coin that Musk has had significant influence over in the past – is also starting to react. Does this signal a repeat cycle like in 2021? And are there any other altcoins waiting for a breakout moment?
We will analyze the current developments of BTC, DOGE, and a rapidly growing token that whales seem particularly interested in.
DOGE reacts to Bitcoin's support from Elon Musk – Will we see a repeat of the price surge in 2021?
Musk's public support for Bitcoin and his criticisms of fiat currency have immediately sparked a new wave of discussion in the cryptocurrency community. In the past, whenever Musk mentioned Bitcoin, Dogecoin (DOGE) often tended to fluctuate sharply in response – sometimes with incredible price surges.
At the beginning of 2021, DOGE surged from below 0.01 USD to over 0.70 USD in just a few months, largely thanks to Musk's continuous posts and direct involvement. At that time, Bitcoin had also doubled in value, and this meme coin followed the general optimistic trend of the market.
Currently, DOGE is hovering around 0.17 USD. If a similar pattern to 2021 repeats and Bitcoin returns above 100,000 USD, then a 300% increase in DOGE could push this coin's price back to the 0.50–0.60 USD range once again.
If you invest 100 USDT in DOGE at a price of 0.17 USD today, and DOGE reaches 0.51 USD, your investment will be worth 300 USDT – an increase of 200%.
If Bitcoin hits 100,000 USD and creates a strong bullish wave across the market, DOGE could once again react strongly to that surge, with short-term price jumps leading the trend.
Musk's statements may be brief, but they are very clear. His party – like the businesses he runs – is expected to continue supporting BTC. If DOGE catches this upward momentum again, the context could replicate one of the most memorable cycles in the cryptocurrency market.