Elon Musk tweeted late Thursday, May 13, that he is working with Dogecoin developers to boost transaction speed. In this falling market, this was enough to send the DOGE price up by 12%, bringing it to $50. However, it seems that there is still a lot of selling pressure. DOGE has a market cap of $61.6 billion and is currently trading at $0.47.Tesla's decision to suspend Bitcoin has been defended by Elon Musk. Musk posted a "Insane" graph of Bitcoin's energy consumption.