The crypto community is abuzz with excitement as speculation surrounding Elon Musk’s X payment platform intensifies. Investors and analysts alike are hopeful that this development could pave the way for a bullish Dogecoin (DOGE) rally, especially given Musk’s historical support for the meme coin.
X Payment Launch and Dogecoin Integration Hopes
Elon Musk is gearing up to transform X (formerly Twitter) into an “everything app,” and recent leaks hint at the imminent launch of X Money, the platform’s payment system. According to reports, X Money could roll out without full regulatory approval in all US states. The platform is expected to support cryptocurrency payments, potentially including Bitcoin, Dogecoin, and stablecoins like Tether (USDT).
Linda Yaccarino, X’s CEO, has confirmed that X Money is set to debut by 2025, aiming to emulate features similar to China’s WeChat. Influencers and analysts speculate that Dogecoin could play a pivotal role in the system, fueling investor enthusiasm for the token.
Growing Optimism for DOGE
The anticipation of DOGE’s integration into X Money has already sparked a 20% price increase over the past seven days. Market analysts like Ali Martinez have further fueled speculation, pointing to Musk’s long-standing affiliation with Dogecoin.
Adding to the buzz, Musk recently posted cryptic messages hinting at a potential “Dogecoin Reserve” and his involvement in Donald Trump’s newly formed Department of Government Efficiency (D.O.G.E.), whose acronym resembles the DOGE ticker. This has sparked widespread discussions and optimism within the crypto market.
Current DOGE Market Performance
Despite the excitement, DOGE’s price today is slightly down, trading at $0.3833 with a 24-hour high of $0.3909. However, the token’s futures open interest has risen, signaling growing optimism among investors.
What’s Next?
As the crypto world watches for official announcements, the potential integration of Dogecoin into X Money could solidify its role in the digital payment ecosystem. With Musk’s influence and backing, DOGE may be poised for a significant rally in the coming months.
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