Elon Musk is now officially supporting Bitcoin in one of its recent statements. Musk has made a sharp announcement about the launch of his new “American Party,” which is set to adopt Bitcoin. In one of Musk’s recent X interactions, Tesla’s CEO was asked if his party would back up Bitcoin. Tesla CEO BTC push has sparked a wave of spikes in the market as bullish momentum takes over key coins including Dogecoin (Doge) and Cardano (ADA).
Musk Backs BTC: How about Dogecoin?
Musk officially announced that Tesla CEO American Party is all planning to back up Bitcoin. On one of Musk’s recent X exchanges, the X CEO says he believes Fiat is hopeless and supports Bitcoin instead. The move has led the world to charge speculative batteries, stakes whether Musk’s addition of Bitcoin could lead to a massive surge in crypto coins such as Cardano (ADA) and Dogecoin (DOGE).
Dogcoin is once again attracting mainstream attention in the midst of a Trump Mask feud. Rumors about Dogecoin “emerging as a major political asset” have started to attract attention once again as Musk’s political party officially supports Bitcoin.
Friendly advice for Dogecoin owners:
Political tensions between Elon Musk and Donald Trump may escalate soon. Doge is no longer just a meme token. It becomes an asset to political memes and a long-term risky coin.Don’t forget:
🔸Unlimited… pic.twitter.com/5ipi9pjsq4– Coinborsax (@coinborsax) July 4, 2025
Dogecoin raised 6% at press time, shortly after Musk’s BTC comments spread like wildfires in the market. Doge is currently at $0.17, an increase of 6% over the last 24 hours.
At the same time, the majority of cryptocurrency coins are now green, supporting masked bullish waves of Bitcoin.
With the momentum of a positive market, can ADA and Doge move towards $1?
As far as markets go, tech indicators are flashing a careful approach to these two coins.
With each Cincodex, Dogecoin could reach the $1 mark in 2050.
“According to current Dogecoin price forecasts, Dogecoin prices could rise by 563.00%, reaching $1.144,698 by December 25, 2050. Technical metrics show that the current sentiment is terrible, showing 66 (greed). It’s a bad time to buy Dogecoin.”
In the case of ADA, coins may surge to reach $1 by 2030.
“According to current Cardano price forecasts, Cardano prices could rise 119.12% by December 30, 2030, reaching $1.285,251. According to technical indicators, the current sentiment is bearish. To buy Cardano.”
However, if the masks end up detailing new pathways for adoption of crypto, these coins could surge to $1 more than late.