Dogecoin Price Prediction: Is Elon Musk's Doge Influence Fading Amid Crash? Tesla and Space X CEO Elon Musk tweeted to further support Dogecoin, but the meme-based cryptocurrency continued its free-fall. Has Musk lost his influence on digital tokens? Photo : Britta Pedersen-Pool/Getty Images Has Tesla and SpaceX CEO Elon Musk lost his influence on cryptocurrencies? In his usual "Dogefather" self, Musk tweeted on Saturday to further promote his favorite meme-based cryptocurrency Dogecoin, and he even involved his baby son, X Æ A-12, CNBC reported. "Lil X is hodling his Doge like a champ. Literally never said 'sell' even once," Musk said in a reply to a Twitter user's comment.