Dogecoin (DOGE) experienced a 5% price uptick following renewed speculation surrounding Elon Musk’s plans for integrating payments on X, his social media platform. The chatter began after Musk shared a screenshot of Joe Rogan’s profile featuring a dollar icon, distinct from the app’s existing tipping feature.
Crypto enthusiasts interpreted this as a possible signal for the much-anticipated rollout of X Payments, which has already secured licenses across most U.S. states. DOGE’s historical price sensitivity to Musk’s statements and its integration into Tesla’s merchandise store have fueled hopes that the token could play a role in X’s ecosystem.
With DOGE surging 190% over the last month to levels unseen since May 2021, analysts suggest the memecoin may continue to rally if tied to Musk’s ambitious vision for transforming X into a comprehensive financial platform.
About The Author
More Stories
U.S. Labor Market Weakens as July Payrolls Drop by 23,000, Challenging Fed Rate Outlook
Bitcoin Stalls Below $65K as Rising Middle East Tensions Weigh on Markets
Coldcard Hack Triggers Massive Bitcoin Movement as 210K BTC Leaves Long-Dormant Wallets