Dogecoin (DOGE) surged to its highest level since December 2021, reaching 22 cents amid bullish sentiment and speculation regarding its potential use on the social media platform X. The token experienced a 17% gain over 24 hours, outpacing the broader market where Bitcoin (BTC) remained steady around $70,000. Speculation about DOGE's potential usage on X intensified following several social media posts from prominent Dogecoin community members discussing the token's implementation on the platform. Dogecoin developer @mishaboar mentioned the possibility of crypto payments on X, citing the platform's recent licenses in the U.S. and Elon Musk's involvement. Trading volume for DOGE surged to $7 billion in the past 24 hours, while futures tracking the token saw increased open interest, indicating rising bets on price volatility. Despite speculation fueled by Musk's endorsement of DOGE and X's plans to launch a peer-to-peer payments service, there has been no official confirmation regarding DOGE's inclusion as a payment option on X. #DOGE #DOGEUSDT! #DOGE 冲冲冲