Elon Musk has a significant influence on the cryptocurrency market, especially through his tweets and actions. Here are the main cryptocurrencies associated with him:
1. Dogecoin (DOGE) $DOGE – Musk’s favorite crypto
✔ Musk has repeatedly supported DOGE, calling it the "people's cryptocurrency."
✔ Tesla and SpaceX accept Dogecoin for purchasing merchandise.
✔ After Mask's statements, DOGE often increases in price.
2. Bitcoin (BTC) $BTC – variable relations
✔ In 2021, Tesla bought $1.5 billion in BTC and began accepting it for payments.
❌ The company later abandoned BTC due to environmental concerns.
✔ Musk claims to personally own BTC and supports it as a store of value.
3. Floki Inu (FLOKI) $FLOKI and other memecoins
✔ FLOKI came about after Musk named his Shiba Inu dog “Floki.”
✔ His name is often used to launch new memecoins that are rapidly gaining popularity.
4. xAI and the possible launch of its own cryptocurrency
✔ In 2023, Musk founded the company xAI, which can integrate cryptocurrency into the X (Twitter) ecosystem.
✔ There are rumors that it may launch its own token (e.g. XCoin or XToken).
If you want to invest in "Elon Musk's crypto", you should be careful - its prices often depend on hype.