Elon Musk declares it's the right moment for Dogecoin as he renews previous commitment.

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Nov 04 2025

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Source: Yahoo Finance

Elon Musk's Dogecoin Update: Elon Musk has reignited interest in Dogecoin (DOGE) with a recent post on X stating, "It’s time," referencing his previous commitment to launch a Dogecoin-funded lunar mission, DOGE-1, scheduled for late 2025.
Musk's Influence on Dogecoin: Musk's tweets have historically influenced DOGE's market performance, with notable spikes in price following his endorsements, including a peak increase of over 13,000% in 2021, solidifying its status as a prominent cryptocurrency.
Current Market Status: As of now, Dogecoin is trading at $0.1656, experiencing a decline of 9.6% in the last 24 hours and 18.5% over the past week, but remains up approximately 13% year-to-date, supported by Musk's renewed attention and retail interest.
Dogecoin's Evolution: Originally created as a joke in 2013, Dogecoin has gained significant recognition and utility, including its acceptance for Tesla merchandise, helping it maintain a market capitalization of $25.1 billion, ranking it tenth among cryptocurrencies.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.