Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has been among the most influential players in the bitcoin scene.

Often sending DOGE's price skyrocketing, his tweets and public sponsorships have helped to establish him as the unofficial meme coin ambassador.

Elon Musk's silence on Dogecoin (DOGE) has sparked curiosity among investors, particularly given the billionaire's past role in influencing the meme coin's price with his tweets and actions.

Dogecoin Price Remains Stable Despite Lack Of Musk's Attention

Dogecoin, the 8th largest cryptocurrency with a market cap of $25.24 billion, is currently trading at $0.16989 and has seen a 24-hour trading volume of $3.86 million.

While Musk's lack of presence is noticeable, Dogecoin's price seems to be holding steady, closing at $0.16989 for the day.

Dogecoin's technical outlook presents a mixed picture. The Relative Strength Index (RSI) stands at 43.54, indicating that DOGE is still in a neutral to positive market sentiment zone.

The average directional index (ADX) reading of 39.99 suggests that the price of the coin is moving in a strong directional trend.

The Parabolic SAR is also in a bullish setup, while the 50-day Simple Moving Average (SMA) provides support at $0.1689, indicating an upward trend.

However, without Musk's usual endorsements and sponsorships, investors are turning to market trends to predict the coin's future trajectory.

Elon Musk's Impact On Dogecoin

The impact of Musk's interaction with Dogecoin cannot be overstated.

His tweets, which varied from a single word like "Doge" to memes referencing the coin, have caused unexpected price surges throughout the years.

Fueled mainly by his public endorsement and acceptance of the coin for payment on some Tesla goods, DOGE reached an all-time high of $0.73 in 2021, showcasing the peak of his influence.

Currently, Musk's focus seems to be shifting towards other endeavors, such as his acquisition and rebranding of Twitter into X.

SpaceX and Tesla remain top priorities, limiting his attention on DOGE.

Musk's silence on the matter signals that he may have deprioritized it in his expanding portfolio of interests, unlike in past times when he would periodically hint at future usage cases for the meme coin.

Push For Widespread Adoption Continues Despite Lack Of Musk's Presence

Efforts to push Dogecoin into widespread acceptance continue with developers working on upgrading the blockchain to enhance its scalability and efficiency.

Some companies still permit DOGE for payment, thereby sustaining its utility.

For many, Dogecoin's appeal has always been tied to its cultural status as the "people's crypto," with Musk playing a pivotal role in that identity.

Without his ongoing support, it might be difficult for DOGE to recreate the explosive rallies it previously knew.

While Musk's social media presence has largely shaped Dogecoin's path, a new contender, Rexas Finance (RXS), demonstrates that a cryptocurrency can skyrocket on its practical use cases rather than celebrity sponsorship.

With everyone, anywhere, able to tokenize and trade real-world assets easily, RXS is a revolutionary Real-World Asset (RWA) token that is transforming the financial landscape.

Rexas Finance (RXS) Surging Despite Lack Of Celebrity Endorsement

Having raised an impressive $47.62 million in its presale, which is now entering its last stage, Rexas Finance is already showing phenomenal expansion.

Originally priced at $0.20 and already 91.62% full, RXS is expected to launch for $25.

Unlike many crypto projects that rely on venture capital money, Rexas Finance allows ordinary investors to participate in its journey by keeping its revolution transparent and in the public domain.

Already hitting significant milestones, the cryptocurrency is listed on CoinMarketCap and CoinGecko, boosting investor confidence. For long-term holders, a Certik audit has also confirmed the project's solidity and security, guiding their investment decision.

Having seen a surge of more than 500% since its first presale stage, RXS is making huge strides. Prominent analysts are predicting that its price could reach $20, showcasing a 10x return.

This remarkable trajectory is attributed to increasing demand for the token and its clear use case, demonstrating that a coin does not require a billionaire's tweet to flourish.

Those seeking the next great opportunity might want to consider Rexas Finance (RXS), presenting a coin with staying power and a bright future.

Unlike Dogecoin, which faces uncertainty due to Musk's silence, Rexas Finance is thriving on its strong foundations and innovative application case.