There shouldn't be one man dictating the market swings, but rather actual use case and disruption of certain crypto projects pushing the prices up.

Cryptocurrency's volatility attracts opportunists to gain their personal profits. Elon's high capital sources are able to influences the market besides his popularity but true cryptocurrency with its technological benefits will never be dumped by a person's influence in the future. We will see what the best crypto that offers high tech to the mass will win and bear.