I read that Elon Musk has a crypto portfolio more interesting than I thought. Of course, there's Bitcoin – Tesla invested $1.5 billion in 2021, and even though they've sold some, Musk still owns it personally. At $68.81K now, BTC remains the king with 55% market dominance.

Then Ethereum, which Musk confirmed he owns when he spoke at the The ₿ Word conference in 2021. With smart contracts and the entire DeFi ecosystem built on it, it makes sense to consider it important. It’s now at $2.11K and controls 10% of the market.

But Musk's true love is Dogecoin – he calls it "the people's cryptocurrency" and has pushed Tesla and SpaceX to accept it for payments. DOGE is at $0.09, and the community is still very active despite its small dominance.

Here’s where it gets interesting: there are speculations about Shiba Inu and Floki Inu (which is named after his dog). Musk denies owning SHIB, but his tweets about these meme coins move the market every time. Floki is still small with a market cap of $260 million, but the fact that it’s linked to his Shiba Inu’s name makes it intriguing.

Which of these new cryptocurrencies do you prefer, Elon Musk? I think the fact that Musk influences the crypto market so much says a lot about where we’re headed.