Cryptocurrency: 3 Coins That May Rise If Elon Musk Adds Dogecoin To X 🚀💰
Elon Musk, the mercurial CEO of Tesla and now a department head of DOGE, is grabbing central headlines for multiple reasons. His tenure as an official DOGE head is all set to commence in January. The speculatory spree is expecting Musk to bring elemental changes to the crypto landscape while reshaping the social domain by integrating Dogecoin payments on X.
If that happens, here is the list of three cryptocurrency tokens that may note a surge based on hype and FOMO that the aforementioned development may create for a while.
Three Coins That May Rise If Musk Adds Doge to X Payments
Shiba Inu is currently one of the most trending meme coins to interact with. The token has shown its mettle multiple times, especially at times when the crypto market enters into any euphoric development. If Musk manages to add Dogecoin as a viable payment method for X, the positive development could usher in a wave of optimism within the market, helping coins like SHIB gain significant attention and traction.
Musk’s decision to add Dogecoin as a credible method of payment on X may usher in an overall positive outlook for the cryptocurrency domain in general. The move may display a practical use case for the cryptocurrency domain, bolstering Bitcoin’s price in the process. This may bring in a new era for the market, full of price upswing and new patterns.
Per CoinCodex, BTC may note a surge of 16% to hit a new price mark of $112K by the end of December 2024.
As a blockchain that harbors the majority of new cryptocurrency tokens and meme coins, Musk’s addition of doge as a payment option on X may propel creators to make new meme coins on Ethereum and later float them into the positive crypto market momentum for them to gain further traction. This ripple effect may help ETH surge in the process, all while helping the market gain new momentum through new tokens and value cases.