Dogecoin Payments on Platform X: Enthusiasm of the DOGE Community Grows!
A tweet shared from the MyDoge cryptocurrency wallet account excited the DOGE community. The tweet posted a poll on whether DOGE payments should be supported on social media platform X in the future.
“Do you think Dogecoin should support payments one day?” The question received very positive and enthusiastic reactions from the DOGE community. This shows that the community still has faith that their favorite meme cryptocurrency will power tipping and microtransactions on the X platform.
Elon Musk continues to work to secure licenses in new states of the USA so that he can launch the X Payments feature this year. Payment processing licenses obtained in Illinois, Oregon, and New Mexico reinforce the DOGE community's optimism for DOGE integration in X. Experts state that although DOGE is not the only payment option on X, it may be one of the payment options on the platform.
Elon Musk's interest in Dogecoin has played a huge role in increasing the popularity and value of the meme cryptocurrency. Musk has supported Dogecoin by frequently tweeting about it for years.
In 2021, Musk's tweet about being "The DogeFather" and his endorsement of DOGE on Saturday Night Live pushed the cryptocurrency to its historical peak of $0.7376.
According to CoinMarketCap, DOGE is currently trading 83.15% below its historical peak but still remains in the top 10 list.
Cardano founder Charles Hoskinson has commented on the origins of Elon Musk's love for DOGE, suggesting the tech billionaire may hold or have interest in around 20% of the meme coin's supply.
📈📉 #Dogecoin $DOGE
