Recently, speculation about Elon Musk launching X payment has skyrocketed, with some notable figures and influencers betting on it. Among them, investors' hopes for a possible rise in Dogecoin have also intensified, as seen in recent comments from experts. Additionally, Musk's connection to the meme coin space and his previous support for Dogecoin have further fueled optimism.
Speculation about Elon Musk launching X Payment has sparked hopes for cryptocurrency.
As Elon Musk prepares to transform X into a 'super app', speculation about its X payment platform has also surged. According to Forbes, a recent leak suggests that the platform's payment system, X Money, could be launched immediately without comprehensive regulatory approval from all states in the U.S. According to X influencer Alex Finn, the newly released platform code indicates that it will be launched swiftly.
X CEO Linda Yaccarino recently confirmed plans to launch X Money in 2025. The payment system is designed to integrate features such as cryptocurrency support, emulating China's WeChat. Although not yet officially confirmed, there is widespread speculation that stablecoins like Bitcoin, Dogecoin, and Tether's USDT may play a key role.
Meanwhile, another X influencer, MacRumors contributor Aaron, has also highlighted this development. In a recent social media post, he hinted that 'X Money' might launch in the U.S. first, before obtaining approval from all 50 states. At the same time, WallStreetBets founder Jaime Rogozinski believes Musk is preparing to disrupt the digital currency landscape, calling it a 'stable secret plan.'
It is worth noting that these developments have also driven the integration of Dogecoin with X payment. In other words, a large number of investors expect Elon Musk's X payment to make Dogecoin an option for investors. This has also sparked hopes for potential rises in top meme coins in the future.
DOGE is expected to rise with Musk's support.
Elon Musk's launch of X payment could pave the way for Dogecoin. As a backdrop, popular market expert Ali Martinez recently made a statement regarding this development, intensifying speculation. Martinez commented on a post by the founder of WallStreetBets, saying, 'It smells like Dogecoin here,' emphasizing Musk's known association with the token.
Meanwhile, Musk recently shared a mysterious post, which has led to speculation about the Dogecoin reserves in the United States. In addition, Donald Trump's newly established Department of Government Efficiency (DOGE) further fueled this speculation. The department is led by Musk and Vivek Ramaswamy, and its acronym is similar to the stock code of Dogecoin, which has also sparked intense discussions in the broader cryptocurrency market.
On the other hand, the connection between Tesla's CEO and the cryptocurrency sector has recently gained significant attention. Recently, the tech mogul changed his social media name to Kekius Maximus, which has driven a sharp increase in meme coin prices.
However, despite these developments, DOGE's price still fell about 0.7% today to $0.3833. The token reached a 24-hour high of $0.3909, while its price has increased by about 20% over the past seven days. Additionally, the recent focus on DOGE futures open interest indicates that investor sentiment towards cryptocurrency is becoming increasingly optimistic.