Dogecoin rose on Friday, reaching its highest price in more than a week, as rumors spread that Elon Musk may introduce a payment feature on his social media platform X (formerly Twitter), Decrypt reported. Musk posted a screenshot of Joe Rogan's profile showing a dollar sign next to his profile picture, sparking speculation about the new feature.
Independent application researcher Nima Owji speculated that the "$" button may be used for the transfer function of X Payments. CoinGecko data shows that the price of Dogecoin has risen by 4% in the past 24 hours to $0.40, and briefly exceeded $0.41.
In the past 30 days, the price of Dogecoin has increased by 189%, reaching a three-year high of $0.43. Dogecoin was created in 2013 as a joke based on the 'doge' meme, but its value skyrocketed and gained followers thanks to Musk.
