Elon Musk Tweet Sends Dogecoin Soaring Amid X Payments Speculation

Dogecoin surged by 6% after Elon Musk tweet on X hinted at potential payment integration on the platform. Speculations grow that X Payments might support digital assets like DOGE, fueling investor optimism.

Dogecoin Soars as Musk Fuels X Payments Speculations

Dogecoin (DOGE) surged by over 6% after Elon Musk’s latest tweet reignited speculation about the integration of cryptocurrencies into his social platform, X (formerly Twitter).

What Sparked the Surge?

On Friday, Musk tweeted a screenshot of Joe Rogan’s X profile displaying a unique dollar icon, distinct from the app’s existing tipping service. This sparked rumors about the potential launch of X Payments, a service that could incorporate digital assets.

Musk further fueled the excitement with a one-word response: “true”. Given Musk’s history with Dogecoin and its use for payments in his ventures, the community speculates DOGE could feature prominently in the anticipated service.

DOGE Performance: A Stellar Month

Dogecoin has shown remarkable growth, trading at $0.4332 after a 6.16% increase in the last 24 hours. The token has climbed by 190% over the past month, reaching its highest level since May 2021.

DOGE outperformed Bitcoin (BTC), which remained relatively stagnant, highlighting growing interest in alternative cryptocurrencies.

Musk’s Crypto Affinity and Dogecoin’s Role

Musk’s influence over the cryptocurrency market, particularly Dogecoin, is well-documented. Tesla, his electric car company, already accepts DOGE for select merchandise, demonstrating his willingness to integrate the meme token into payment systems.

The potential launch of X Payments could extend DOGE’s utility further, enabling transactions on the platform and boosting its market appeal.

Why It Matters

Musk’s endorsement and the potential adoption of Dogecoin for payments on X represent a significant moment for the crypto industry. It not only underscores DOGE’s growing acceptance but also signals a shift in how digital assets could be used in everyday transactions.

With X Payments on the horizon, Dogecoin could solidify its position as more than a meme coin, leveraging Musk’s vision to become a functional digital currency.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)