One of the most well-known advocates for Dogecoin is Elon Musk, the founder of Tesla, SpaceX, and Neuralink.
Musk’s frequent public statements and social media posts have had a significant impact on the prices of various cryptocurrencies, including Dogecoin. His tweets and photos related to Dogecoin often serve to bolster its support, occasionally causing sharp spikes in its value.
The considerable influence of prominent figures such as Elon Musk on cryptocurrency prices has stirred significant criticism and controversy, particularly given the substantial volatility within these markets.