Gamza Khanzadayev
Elon Musk’s X Payments Send Dogecoin Prices to Surge: Will DOGE Be Adopted?
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The price of Dogecoin (DOGE) saw an unexpected surge, rising more than 14% in just 12 hours. The cryptocurrency, known for its meme-inspired roots, saw a rapid increase from $0.079 to $0.091, leaving the crypto community full of speculation.
It seems that the driving force behind this tremendous growth is linked to the mysterious personality of Elon Musk and his ambitious project, X payments. The famous entrepreneur, known for his fondness for cryptocurrencies, especially DOGE and Bitcoin (BTC), has created a sensation with his plans to turn X into a super app, encompassing various services, including financial offers.
It is worth noting that X Company, which was previously associated with Twitter, has officially launched its XPayments account, signaling a pivotal move in the financial sector. Musk’s commitment to this project is confirmed by the fact that he has obtained licenses for financial operations in several US states. Reports indicate that
Dogecoin to X?
While Musk has categorically stated that his companies have no intention of issuing their own tokens, the rise in DOGE price coincides with the revelation of updates to XPayments’ social media page. This has sparked speculation among the cryptocurrency community about potential integration or collaboration between Dogecoin and X, which is also fueled by Musk’s known affinity for both DOGE and BTC.
However, as of now, it remains to be seen if Dogecoin is on the verge of a significant partnership with X or if this is just a market reaction to Musk’s influence.
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Gamza Khanzadayev