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X To Release Dogecoin Flood? Payments Promise Sparks Community
Dogecoin fans are ecstatic when a source hinted about the long-awaited incorporation of DOGE into Elon Musk's social networking platform, X Payments. However, closer inspection shows Doge needs a reality check before launching to the moon.
The Doge community was aroused when “DogeDesigner,” an insider with X and Dogecoin links, tweeted about a late-2024 X Payments debut with DOGE support. This excited crypto aficionados and normal users to see the meme currency spotlighted on the famous site.
Musk Ignores Doge: Will X Shine?
Previous reports of a Doge-X marriage circulated. Crypto enthusiasts, notably Doge avatar users, have always responded optimistically to such rumors.
Musk, the X-wielding, Doge-loving monarch, has remained strangely quiet. Official confirmation from him is difficult, although he hasn't opposed DOGE's admission.
The crypto market is worth $2.3 trillion. TradingView chart
Despite the absence of evidence, the Doge army remains optimistic. X Corporation's new permits to handle bitcoin payments in several US jurisdictions feed their excitement. Many in the crypto community believe this is the first step toward using DOGE for payments.
Reality Check Required
Despite exhilaration, realism must prevail. First, Musk has frequently maintained that neither X nor his enterprises would generate cryptocurrencies. This was a reaction to tricks on naive investors and tales of a “X coin.” This decision may be influenced by US Securities and Exchange Commission examination of cryptocurrencies.
Second, even though X Payments accepts cryptocurrencies, DOGE may not be picked. X may prefer established coins with greater market valuations and more popularity.
The Doge army, known for its loyalty, seems unfazed by these challenges. They think X will take DOGE as payment since Musk liked the joke currency. Whether their Doge-powered X aspirations come true or not is unknown.
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