Bitcoin and Dogecoin Remain Elon Musk Favorite Crypto: Best Crypto to Buy Now?
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Elon Musk just crossed $1.3 trillion in net worth, and the world’s first trillionaire still holds Bitcoin and Dogecoin. Dude is orange-pilled, and this fact alone is moving sentiment across both markets this week.
Analyst Ali Martinez flagged the milestone on X, pairing a Musk sketch with the Bitcoin logo and the caption “Let that sink in.” As of now, BTC is consolidating above $64,000 while DOGE trades at $0.084, both in structurally corrective but not broken technical positions.
The institutional angle carries weight here. SpaceX holds 18,712 BTC valued at $1.19 billion at current prices, while Tesla carries 11,509 BTC worth over $734 million on its balance sheet, making them the only two top-10 market-cap companies with crypto reserves.
Musk’s personal holdings remain publicly ambiguous; he disclosed just 0.25 BTC back in 2020 and has said nothing definitive since. Meanwhile, the Fed held rates unchanged this week, and futures markets assign near-zero probability to a July cut, a macro backdrop that keeps risk appetite measured but hasn’t broken crypto’s bid.
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Will Bitcoin and Dogecoin Break Higher?
Bitcoin’s structure reads as post-breakout consolidation. Price is holding above the prior cycle’s breakout zone, which is historically where altseason rotation capital stages before deploying into meme coins and mid-caps.
The key macro support level to watch is the $60,000 area; a Wyckoff-style retest of that zone would represent the primary bearish invalidation. On the upside, a clean break above $70,000 is the trigger most analysts are watching for continuation toward the $80K range cited in end-of-cycle models.
Dogecoin setup is tighter and arguably more interesting technically. Our research has flagged that DOGE is now mirroring BTC’s price action more closely than it tracks Musk tweets, which changes the trade calculus.
The current price near $0.085 sits at a structural accumulation zone, with analysts identifying a developing double-bottom pattern.
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Maxi Doge: The New DOGE
DOGE at $0.085 offers a recognizable brand and Musk association, but also a $13 billion market cap floor and a price that needs to move several multiples to deliver the kind of return early-cycle DOGE holders captured. That math is what sends traders hunting for earlier-stage exposure when meme coin momentum picks up. The asymmetry shrinks considerably at this size.
Maxi Doge ($MAXI) is an ERC-20 meme token built around a high-conviction trading community identity, the “240-lb canine juggernaut” built for 1000x leverage mentality, with the tagline Never skip leg-day, never skip a pump.
The presale has raised $4.8 million at a current price of $0.0002824, with a huge 65% APY available to holders. Features include holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury earmarked for liquidity and partnerships.
The meme-first marketing mirrors exactly what drove early DOGE traction: community-led, identity-driven, and spreadable.
Research Maxi Doge and size accordingly.
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