New Speculation Brings Optimism for Dogecoin (DOGE)
Rising speculation about the launch of Elon Musk’s X payment system is fueling investor hopes for a potential Dogecoin (DOGE) rally. Musk’s long-standing support for meme coins and his connection to cryptocurrencies further bolster expectations within the community.

Plans for X Payment Spark Optimism for Cryptocurrencies

Transforming X into an “Everything App”
Elon Musk reportedly plans to transform his X platform into a multifunctional application, including the X Money payment system. According to Forbes, the system could be launched even without full regulatory approval across all U.S. states. Influencer Alex Finn has highlighted rapid development progress, citing new platform code.

Potential Cryptocurrency Integration
Linda Yaccarino, X’s CEO, confirmed plans to roll out X Money by 2025. This system aims to integrate cryptocurrency support, mirroring features of China’s WeChat. Speculation suggests Bitcoin, Dogecoin, and stablecoins like USDT could play a significant role in the new payment ecosystem.

Support from Influencers
Other influencers, such as Aaron from MacRumors, suggest that X Money could initially launch in select U.S. states before obtaining full regulatory approval. Jaime Rogozinski, founder of WallStreetBets, believes Musk is preparing a "secret stability plan" that could significantly impact the digital currency market.

Source: Ali Martinez, X

Dogecoin in the Spotlight

DOGE’s Potential Role in X Payment
Speculation indicates that Dogecoin might be one of the primary tokens integrated into the X payment system. This has driven growing interest among investors and heightened hopes for future growth of the meme coin.

Musk’s Continued Support for Dogecoin
Elon Musk’s recent actions have further fueled Dogecoin-related speculation. For instance, his social media name change to “Kekius Maximus” drew attention and led to price increases for meme coins. Additionally, the newly created Department of Government Efficiency (DOGE), linked to Musk and Vivek Ramaswamy, sparked discussions due to its similarity to Dogecoin’s ticker.

Dogecoin’s Current Market Situation

Price Fluctuations and Investor Optimism
Despite the positive speculation, DOGE’s price dropped 0.7% today to $0.3833. Over the past 24 hours, the token hit a high of $0.3909, gaining about 20% over the last week.

Growing Open Interest in DOGE Futures
Open Interest in DOGE futures contracts indicates growing investor confidence. This points to optimism about the cryptocurrency’s future growth, particularly with potential integration into X Payment.

Conclusion

Speculation around Elon Musk’s X payment system is generating excitement among cryptocurrency investors, particularly for Dogecoin. While DOGE’s current price has seen a slight dip, heightened interest and expectations around X Money and Musk’s plans suggest the meme coin could see further growth in the near future.

#DOGE , #XPayments , #ElonMusk , #CryptoNewss , #blockchain


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