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Alright, I read an interesting analysis about Elon Musk's movements in the crypto world. This guy is basically the king of meme coins, right? He owns Bitcoin obviously (since 2021 when Tesla invested 1.5 billion), but the funniest part is that he keeps pushing Dogecoin as if it were the people's cryptocurrency. DOGE is now at $0.11, nothing special, but the fact that Musk promotes it for payments in Tesla and SpaceX is pure madness.
Then there's Ethereum in his portfolio, the second-largest crypto by market cap with its smart contracts and everything else. But honestly, what surprises me is how Elon Musk's tweets literally move the markets. He caused Shiba Inu and Floki Inu (Musk's dog) to explode just with random posts, even though he denies owning them. Floki Inu still has a market cap of 349 million, SHIB is at 3.86 billion. He's like the Dogefather playing with meme coins.
The strangest thing? Bitcoin still dominates with 57% of the market (BTC at 81k), Ethereum at 9.8%, but Musk keeps talking about Dogecoin as if it were the future. Do you really believe this guy will change the crypto landscape or is it just temporary hype?