Recently, speculation about Elon Musk launching X payments has soared, with some well-known figures and influencers betting on it. Amid this, investors' hopes for a potential rise in Dogecoin have also intensified, as seen from recent comments by experts. Furthermore, Musk's ties to the meme coin space and his previous support for Dogecoin have further fueled optimism.
Speculation about Elon Musk launching X Payment has sparked hopes for cryptocurrencies.
As Elon Musk prepares to turn X into a 'super app,' speculation about its X payment platform has surged. According to Forbes, a recent leak suggests that the platform's payment system, X Money, may launch immediately without comprehensive regulatory approval from all US states. X influencer Alex Finn stated that the newly released platform code indicates a rapid rollout.
X CEO Linda Yaccarino recently confirmed plans to launch X Money in 2025. The payment system aims to integrate features such as cryptocurrency support, emulating China's WeChat. Although not officially confirmed, there is widespread speculation that stablecoins like Bitcoin, Dogecoin, and Tether's USDT could play a key role.
Meanwhile, another X influencer and MacRumors contributor, Aaron, also highlighted this development. In a recent social media post, he hinted that 'X Money' might launch first in the US before receiving approval from all 50 states. At the same time, WallStreetBets founder Jaime Rogozinski believes that Musk is preparing to disrupt the digital currency landscape, calling it a 'stable secret plan.'
It is worth noting that these developments have also driven the integration of Dogecoin with X payments. In other words, a large number of investors expect Elon Musk's X payments to make Dogecoin an option for investors. This has also sparked hopes for potential rises in top meme coins in the future.
DOGE is expected to rise with Musk's support.
Elon Musk's launch of X payments could pave the way for Dogecoin. As a backdrop, popular market expert Ali Martinez recently commented on this development, intensifying speculation. Martinez remarked on WallStreetBets founder's post, saying, 'It smells like Dogecoin here,' highlighting Musk's known connection to the token.
Meanwhile, Musk recently shared a mysterious post, which sparked speculation about the US Dogecoin reserves. Additionally, Donald Trump's newly established Department of Government Efficiency (DOGE) further intensified this speculation. The department, led by Musk and Vivek Ramaswamy, has an acronym similar to Dogecoin's stock code, which has also triggered intense discussions in the broader crypto market.
On the other hand, the Tesla CEO's connections with the cryptocurrency sector have also gained significant attention recently. Recently, this tech mogul changed his social media name to Kekius Maximus, which led to a substantial rise in meme coin prices.
However, despite these developments, DOGE's price still fell about 0.7% today to $0.3833. The token reached a 24-hour high of $0.3909, while its price rose about 20% over the past seven days. Additionally, the open interest in DOGE futures has also attracted attention in recent days, indicating growing investor optimism about the cryptocurrency.