- Dogecoin rose 3% to around $0.20 after Elon Musk agreed that DOGE is energy-based like Bitcoin.
- Thumzup Media announced plans to integrate Dogecoin as a payment option for its rewards app.
- Analysts say DOGE must hold above $0.16 to target a move toward $0.48, with $0.20 as key short-term support.
Dogecoin is back in the spotlight again—because of course, Elon Musk had something to say. After the Tesla CEO chimed in on a post about Bitcoin’s energy-based model, agreeing that Dogecoin works the same way, traders jumped in and pushed DOGE up 3%, landing it near $0.20. And just as the buzz built, Thumzup Media dropped its own news: the company’s exploring adding Dogecoin as a payment option in its rewards app.
Musk’s Comment Sparks Another DOGE Rally
When Musk agreed that Dogecoin operates on an energy-based system—like Bitcoin—it set off another mini frenzy in the crypto space. Musk’s words have long carried weight with DOGE traders (some might say too much weight). Ever since he dubbed himself the “Dogefather,” every post, meme, or reply tends to nudge DOGE prices one way or another.
This time was no different. DOGE touched a 24-hour high of $0.208 before settling back around $0.20. Trading volume dropped about 37%, suggesting the move wasn’t driven by massive new inflows, but sentiment clearly shifted upward after Musk’s comment.
Thumzup Media Plans Dogecoin Integration
Adding to the hype, Thumzup Media said it’s exploring ways to integrate Dogecoin payments into its ad rewards app. The company’s CEO, Robert Steele, called DOGE “a fast, low-cost option” for cross-border payments, saying it could make user payouts quicker and cheaper.
Thumzup currently rewards users in cash for promoting brand content, but if the integration goes through, DOGE could be an alternative payout method. The company already holds 7.5 million Dogecoin in its treasury, along with 19 BTC, showing it’s not new to the crypto scene.
While Thumzup’s stock dropped 5% after the news (maybe investors need time to warm up to it), the announcement added another layer of optimism around DOGE’s real-world utility.
Price Still Recovering After a Tough Month
Even with this recent jump, DOGE is still down roughly 20% for the week and 24% over the past month. The broader market pullback hasn’t been kind, but analysts see a few bright spots.
Ali Martinez noted that DOGE must hold above the $0.16 support to keep bullish momentum alive, which could set up a move toward $0.48 if things line up right. Trader Tardigrade offered an even bolder outlook, saying DOGE could reach $0.9 if it maintains strength above $0.20.
For now, the charts are cautious, but the community energy? Still loud as ever. Between Elon’s comments and Thumzup’s potential integration, Dogecoin might just have found a little extra fuel for its next run.
