If Elonmusk is planning to make their own coin then my next step would be to monitor the latest status on their Twitter account and there's no harm in taking advantage of the Hype from the guy, but remember to leave once you've made enough profit. from the other side I'm sure he could easily do the hype like Doge.
Responded is no longer interested in Elon Musk for the status posted on Twitter, based on the fact that the last tweet had no impact on Dogecoin increase after the memecoin hype increased in Elon's tweet. If for example take trading profits from the Elon project then consider the risk after the price is dumped in conditions of peaking hype.