$XRP The currency that Elon Musk particularly supports is known as "Dogecoin." Dogecoin started as a digital entertainment currency in 2013, representing the famous internet dog meme, but quickly gained significant market value thanks to the backing of well-known figures like Elon Musk.

Musk is considered one of the most prominent advocates for Dogecoin, using his platforms on social media to highlight the currency, which has contributed to its popularity and market value increase. Musk often shares tweets related to Dogecoin, leading to noticeable price fluctuations.

Elon Musk's support includes calls for Dogecoin to be recognized as a payment currency in certain companies, and he has expressed his vision of making Dogecoin a more widely used digital currency in everyday transactions. Many investors believe that Musk's backing gives Dogecoin an additional edge and may help enhance its value in the long run.