The Dogecoin value is at the moment in an upward momentum thanks to constructive sentiment for the token. The development got here as Elon Musk made one other bullish put up on the meme coin.
Elon Musk DOGE Moon Post Triggers Dogecoin Price Rally
The meme coin has seen a rise in its value following feedback from SpaceX and Tesla CEO Elon Musk. He mentioned that he would possibly ship DOGE to the moon subsequent yr after the CEO was reminded of his 2021 pledge to obtain this aim.
Maybe subsequent yr
— Elon Musk (@elonmusk) February 3, 2026
This assertion has revived the DOGE-1 mission, which is supposed for accumulating information from the moon. This mission is sponsored totally by Dogecoin. According to Tom Ochinero, the Vice President of SpaceX, this mission will exhibit the implementation of cryptocurrencies past Earth orbit.
This mission has been delayed a number of occasions, but it surely has not been launched but, and prior to Musk’s assertion, it was anticipated that this mission could be launched in mid- to late 2026. However, after this coymment, the Dogecoin price jumped by almost 5% within the final 24 hours to a excessive of $0.109 earlier than retracing to $0.1068.
The meme coin led the positive aspects among the many prime 10 cryptocurrencies by market cap within the early hours of Tuesday. The crypto market additionally elevated by 2% within the final 24 hours. Bitcoin has risen above $78,000. It has underperformed DOGE today by rising solely 2.4%.
Bulls would proceed to watch the scenario over time to see if the founder retains to his guarantees in hopes of seeing the Dogecoin value regain earlier highs.
Expert Turns Bullish on DOGE
Since the remark was made by Elon Musk, extra crypto specialists have gotten extraordinarily constructive on the token’s upside. In a latest X put up, distinguished knowledgeable, Trader Tardigrade said that he expects the meme coin to “pump hard.” He in contrast the US-dollar index and gold’s motion in relation to the coin’s 2020 rally.
“Just before 2020: DOGE bottomed while $DXY & Gold were topping out Capital rotated out of “safe” belongings into risk-on Exactly the identical setup at the moment,” he mentioned.
This Dogecoin value bullish setup can be backed by utility developments. Last month, House of Doge shared that it will launch a DOGE payment app for its traders. It would permit customers to create a pockets, purchase the token, and make transactions within the app.
To add, Dogecoin ETFs appear to be gaining momentum after their preliminary sluggish begin. The funds recorded contemporary inflows yesterday amid the return of capital out there. It now holds almost $7 million in internet influx.
