Legendary Analyst Believes Elon Musk's Favourite Coin May Increase 80%

Legendary Analyst Believes Elon Musk's Favourite Coin May Increase 80%

Analyst says Elon Musk’s favorite coin could go up by 80%.

Cryptocurrency markets are again abuzz with activity, and this time not only due to the price movement of Bitcoin or network upgrades of Ethereum. A legendary stock analyst has gone on record saying that Elon Musk's favorite coin may increase by 80% in the next few months. This surprise boost has set fresh conversations among investors, traders, and regular crypto enthusiasts.

But which coin are we referring to? Why is Elon Musk involved with it? And how accurate is this 80% growth prediction? In this piece, we explore what's driving this boom, why the market is paying close attention, and whether now is the time to buy or just sit back and observe.

The Coin That's Always in the Spotlight

When individuals mention Elon Musk and crypto in the same breath, there is one name that always emerges: Dogecoin. Initially designed in 2013 as a joke, Dogecoin was never intended to be serious. It became extremely popular with the help of internet culture and celebrity promotion over time.

Few have done more to place Dogecoin on the world financial map than Elon Musk. Whether through tweeting memes, suggesting Tesla or SpaceX acceptance, or referring to it as "the people's crypto," Musk has continued to influence Dogecoin's fate. His tweets have consistently rocked its price — sometimes within seconds.

Although critics have consistently written off Dogecoin as a "meme coin" that serves no purpose, its devoted fan base, increasing adoption for tipping and payments, and support from celebrities like Musk have provided it with extraordinary longevity.

The Daring Prediction: A Possible 80% Rally

So why the new buzz?

One highly esteemed financial expert — who had precisely predicted previous crypto market cycles — recently implied that Dogecoin might experience an 80% price surge in the near-to-medium term. Based on the report by the analyst, technical signals and future catalysts imply that Dogecoin might be getting ready for a strong breakout, driving it towards $0.20 or even more from current levels.

The analyst names three principal reasons for this optimistic forecast: revived retail demand, whale accumulation, and the ongoing influence of Elon Musk. The report also includes remarks on rising correlation between Dogecoin and general altcoin momentum, particularly during periods of speculative fervor.

This isn't social media hyperbole. Institutional wallet address trackers have noticed high-volume wallet addresses consistently building up Dogecoin in the last two months — typically a tell that says large investors are looking for upward action.

Why Elon Musk Still Matters

Others might ask: why would Elon Musk continue to have so much influence over a meme coin? The answer is multifaceted. Musk is not only a supporter of Dogecoin; he is actively engaged in making it stay current. Actually, a number of his ventures — most notably X (formerly Twitter) and SpaceX — have toyed with the possibility of adding Dogecoin as a mode of payment.

Last month, users observed that Dogecoin appeared as a payment source code on X's backend. Although unofficially confirmed, it generated huge speculations whether Musk was secretly gearing up to integrate crypto tipping or merchant transactions using Dogecoin on the platform.

Musk has also gone on record before as having said that SpaceX merchandise is available for purchase using Dogecoin, after the lead of Tesla. Such symbolic endorsements further enhance confidence within the Dogecoin market that Elon believes there is longer-term potential — or at least sustained utility — for the coin.

His continued patronage provides Dogecoin with something that not many altcoins possess: mainstream visibility and billionaire sponsorship.

Dogecoin's Current Market Position

As of July 2025, Dogecoin is ranging from $0.11 to $0.12, remaining far below its all-time peak of about $0.73 that it hit during the 2021 crypto bubble. However, for the long-term holders, the prevailing price range presents a potential accumulation area.

Dogecoin stays within the top 10 to 15 market cap cryptocurrencies, even with its meme beginnings. It's traded on almost every major exchange, is cheap to do transactions on, and enjoys a huge, loud internet following. More significantly, it's still very well-known among younger, mobile-first investors — an important category that more and more drives the market.

The analyst's projection of an 80% increase would bring Dogecoin close to the $0.20 level, a psychological benchmark and key resistance level on most technical diagrams.

What's Driving the Hype?

A number of events and trends are going in favor of Dogecoin these days, so the bullish forecast is more than mere pipe dreams.

First, altcoin season is on the horizon. Following months of Bitcoin hegemony, investors are beginning to rotate profits into mid-cap and meme coins, historically which means Dogecoin. This capital movement tends to bring about explosive rallies within alternative assets.

Second, the growing convergence of crypto trading robots and artificial intelligence is benefiting assets such as Dogecoin because of its volatility and popularity online. The robots monitor social sentiment and often catch Dogecoin trends, prompting algorithmic purchases.

Thirdly, Elon Musk's mercurial personality remains a wild card. A simple tweet, interview, or post about Dogecoin or crypto from him can trigger instant market reactions. Investors remain on their toes — because when Musk acts, Dogecoin acts.

Last but not least, the macro environment is also better now than it was during the crypto winter. Inflation is moderating, interest rates are stabilized, and tech stocks are on the rise — all of which raise confidence in risk-on assets such as cryptocurrencies.

Is Now the Time to Invest?

That’s the million-dollar question. While no financial prediction is guaranteed, an 80% upside projection from a respected analyst is enough to warrant serious attention. Still, Dogecoin remains a highly volatile and speculative asset. It’s not for the faint of heart, and timing the market perfectly is nearly impossible.

If you do invest, it's a good idea to hold Dogecoin as part of a diversified cryptocurrency portfolio. Investors often treat it as a small speculative bet on top of more secure coins such as Bitcoin and Ethereum. Even small positions can translate to significant gains if the price surges as anticipated.

It's also worth monitoring the wider news cycle. Look for tweets from Elon Musk, indicators from X or Tesla, and significant crypto market movements that could influence sentiment.

Long-Term Potential vs. Short-Term Hype

One argument that's been going around since Dogecoin's 2021 boom is whether it has intrinsic value or whether it's purely a trading vehicle. That remains to be answered — and maybe it doesn't need to.

Short-term, Dogecoin's popularity comes from its volatility, grassroots momentum, and celebrity endorsement. That makes it a prime target for swing traders and short-term speculators.

In the long term, however, Dogecoin has its problems. It has no Ethereum-like development infrastructure, no Bitcoin-like institutional backing, or no next-generation chain scalability like Solana. But if Elon Musk's universe ever officially incorporates Dogecoin — especially into X or a future super app — the utility of the coin could go through the roof.

Until then, Dogecoin occupies a peculiar but potent place: partially internet meme, partially actual payment instrument, and partially speculative investment. That whole package makes it interesting — and very much still worth observing.

Final Thoughts: Dogecoin's Future Still Shines Bright

The crypto space is infamous for surprises, and Dogecoin has already demonstrated it's capable of bucking the trend. A legendary analyst now predicting an 80% price surge and Elon Musk's continued influence hanging over the market, Dogecoin may again turn out to be the breakout performer of the altcoin scene.

Whether you’re a seasoned investor or a curious observer, the next few months may bring major movement. One thing is certain: when Dogecoin starts to rise, the whole world notices.

If history is any guide, don’t underestimate what a meme coin — backed by the world’s richest man — can achieve.