Recently, speculation about Elon Musk launching X Payments has surged, with several notable figures and influencers betting on it. Among them, investor hopes for a potential rise in Dogecoin have also intensified, as evidenced by recent comments from experts. Moreover, Musk's ties to the meme coin space and his prior support for Dogecoin have further fueled optimism.
Speculation about Elon Musk launching X Payment has sparked hopes for cryptocurrency.
As Elon Musk prepares to turn X into a 'super app,' speculation about its X Payments platform has also surged. According to (Forbes), recent leaks suggest that the payment system X Money could be launched immediately without comprehensive regulatory approval from all U.S. states. According to X influencer Alex Finn, newly released platform code hints at a swift launch.
X CEO Linda Yaccarino recently confirmed plans to launch X Money in 2025. The payment system aims to integrate features such as cryptocurrency support, mimicking China’s WeChat. While not officially confirmed, there is widespread speculation that Bitcoin, Dogecoin, and stablecoins like Tether's USDT may play a key role.
Meanwhile, another X influencer, MacRumors contributor Aaron, also highlighted this development. In a recent social media post, he hinted that 'X Money' may launch in the U.S. first before gaining approval in all 50 states. At the same time, WallStreetBets founder Jaime Rogozinski believes Musk is preparing to disrupt the digital currency landscape, calling it a 'stable secret plan.'
Notably, these developments also push for the integration of Dogecoin with X Payments. In other words, many investors expect Elon Musk's X Payments to make Dogecoin an option for investors. This has also sparked hopes for the potential rise of future top meme coins.
DOGE is expected to rise with Musk's support.
Elon Musk's launch of X Payments may pave the way for Dogecoin. As background, popular market expert Ali Martinez recently made a statement on this development, intensifying speculation. Martinez commented on a post by the founder of WallStreetBets, saying, 'It smells like Dogecoin here,' highlighting Musk's known association with the token.
Meanwhile, Musk recently shared a mysterious post, which also sparked speculation about the U.S. Dogecoin reserves. Additionally, Donald Trump's newly established Department of Government Efficiency (DOGE) further fueled this speculation. The department, led by Musk and Vivek Ramaswamy, has an acronym similar to Dogecoin's stock symbol, which also ignited intense discussions in the broader cryptocurrency market.
On the other hand, Tesla CEO's connections with the cryptocurrency sector have also gained significant attention recently. Recently, the tech tycoon changed his social media name to Kekius Maximus, leading to a substantial rise in meme coin prices.
However, despite these developments, DOGE's price is still down about 0.7% today to $0.3833. The token hit a 24-hour high of $0.3909, while its price has risen about 20% over the past week. Furthermore, DOGE futures open interest has also drawn attention in recent days, indicating growing investor optimism about the cryptocurrency.
