Since the move to app X on Twitter, Elon Musk has repeatedly hinted at a possible integration of Dogecoin into app X. Last Sunday; The billionaire, who also owns the X app, Tesla and SpaceX, tweeted a tweet that raised these doubts again.
Billionaire “Something special is coming soon.” He tweeted, and many comments asked if Musk was talking about DOGE. One of the things that fuels these speculations is the logo of the X application and Musk's addition of the DOGE symbol to his biography.
Elon Musk is one of the biggest advocates of Dogecoin. Originally created as a joke, the meme coin has since become one of the largest cryptocurrencies in circulation. The billionaire has not hidden his interest in cryptocurrency since 2019, and his tweets often influence the market dynamics of the currency.
The billionaire contributed greatly to the growth of cryptocurrency through his posts on Twitter in 2020. As a result, a cult following has formed around the token, with many looking to Musk to decide when to buy or sell.
DOGE is expected to be a payment instrument for Tesla!
Elon Musk has also promoted DOGE as a payment option for Tesla, but there is no publicly available data to show whether any of the company's customers have used the token to make payments.
Since acquiring Twitter, Musk has hinted at expanding the app into a WeChat-like platform. In this way, the application will go beyond a social media platform and start offering payment services.
Based on Musk's tweet on Sunday, Twitter influencer David Gokhstein believes X will add DOGE as a payment option. In this case, DOGE will go beyond being a meme coin and have the potential to provide real-world services.
As seen in the past, his recent tweets and actions caused a sudden increase in the price and trading volume of the altcoin. Data from CoinMarketCap shows that the token rose on Sunday and then fell sharply again. At press time, the token is changing hands at $0.78.
