Elon Musk, the well-known entrepreneur and head of Tesla, has influenced Dogecoin's price since 2021. Now, his silence raises questions about its future.
The Current State of Dogecoin
Dogecoin remains a significant player in the crypto market, ranked 8th by market capitalization at $25.24 billion. With a stable price at $0.16989 and a 24-hour trading volume of $3.86 million, investors are left to rely more on market trends without Musk's involvement.
Musk's Influence on Dogecoin's Price
Elon Musk's tweets have led to significant price fluctuations for Dogecoin in the past. At its peak, when DOGE reached $0.73, Musk actively supported the currency and accepted it for Tesla products. Currently, with his attention shifting to other projects like SpaceX and rebranding Twitter as X, his support for DOGE may not be as strong.
A New Era: Success of Rexas Finance
Rexas Finance has shown impressive growth without celebrity endorsements, raising $47.62 million during its presale stage. Starting at $0.20 and expected to rise to $0.25, the token's popularity is driven by its practical applications, bolstered by Certik audits, and listings on CoinMarketCap and CoinGecko.
Amid uncertainties about Dogecoin's future without Musk, Rexas Finance presents strong prospects with practical use cases and a solid foundation.
