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The crypto market’s recovery has not benefited all altcoins, as some continue to face sharp declines. While Bitcoin holds steady at $102,200, several altcoins remain in a downtrend, struggling to regain momentum.  

BeInCrypto has identified three altcoins that have experienced significant corrections and also formed a new all-time low.

Animecoin (ANIME)

ANIME has extended its decline less than a week after its listing, reaching a new all-time low of $0.0433. The persistent downward trend highlights weak investor confidence and limited buying pressure, keeping the altcoin vulnerable to further losses in the current market environment.

If broader market conditions remain unchanged, ANIME could continue its decline, slipping below $0.0400 and forming a new all-time low. The lack of strong support levels increases the risk of further downside, making price stabilization crucial for preventing additional sell-offs.

ANIME Price Analysis. Source: TradingView

Currently trading at $0.0462, ANIME is attempting to reclaim $0.0553 as support. To achieve this, it must first reach $0.0497. A successful breakout above this level would invalidate the bearish outlook, potentially driving renewed buying interest and signaling the start of a recovery.

Pudgy Penguins (PENGU)

PENGU recorded a steep 28% decline in the past 24 hours, reaching a new all-time low of $0.0152 during intraday trading. This persistent bearish momentum highlights the altcoin’s struggle to find stability, leaving investors cautious about further downside risks in the short term.

This marks the third consecutive all-time low for PENGU in as many days, signaling sustained selling pressure. If investors panic and continue offloading their holdings, the drawdown could persist, potentially pushing the meme coin down to $0.0130. The lack of strong support levels adds to the uncertainty.

PENGU Price Analysis. Source: TradingView

However, if PENGU reclaims $0.0200 as a support floor, it could shift market sentiment and spark a recovery. A move toward $0.0225 would help the altcoin recoup recent losses, potentially invalidating the bearish outlook and restoring confidence among traders.

Sonic (S) – Previously Fantom (FTM)

Sonic’s price has extended its week-long downtrend, forming new all-time lows for the past two days. The latest ATL was established at $0.4348, signaling persistent selling pressure. The altcoin’s inability to sustain support levels has contributed to its ongoing decline, raising concerns among investors about further downside risks.

Over the last 24 hours, Sonic’s price recorded a 7% recovery, bringing it to $0.4708 at the time of writing. If bearish momentum continues, the altcoin could fall further below $0.4348, potentially towards $0.4000. The lack of strong buying interest suggests that the altcoin remains vulnerable to additional losses in the near term.

Sonic Price Analysis. Source: TradingView

For the bearish outlook to be invalidated, Sonic’s price must reclaim $0.5149 as a support level. Successfully doing so would indicate renewed buying momentum, potentially reversing recent losses and restoring investor confidence in the altcoin’s price action.

Elon Musk’s vision for X as the ultimate “everything app” is finally taking shape with the upcoming launch of X Money, a payment service that promises to shake up how people send and receive funds. But here’s the twist: despite years of speculation, there’s no mention of Dogecoin (DOGE) in the plans—at least, not yet.

For a guy who’s practically the de facto Dogecoin hype man, Musk’s decision to leave his favorite meme coin out of X’s initial payment rollout is… unexpected, to say the least. Crypto enthusiasts were waiting for DOGE to enter X’s financial ecosystem, but instead, the platform is going the traditional finance route with Visa.

So, what’s really going on? Is Elon Musk playing the long game with DOGE, or is X Money just another PayPal wannabe? Let’s break it down.

X Money: What We Know So Far

X CEO Linda Yaccarino officially announced the X Money initiative on Tuesday, revealing that it will be built through a partnership with Visa. According to her statement on X (formerly Twitter), the service will feature:

✔ Instant funding via Visa Direct
✔ Peer-to-peer payments between users
✔ An X Wallet for storing funds
✔ Instant bank transfers through debit cards

The service promises frictionless transactions, making it easy to send money across the platform—think Venmo, but with a Musk-flavored twist.

 

 

But here’s the kicker: the announcement didn’t once mention crypto, blockchain, or Dogecoin. Not even a hint.

For a guy who’s tweeted about DOGE more times than most people check their email, Musk’s silence is deafening.

The Dogecoin Dilemma: What Happened?

For years, Dogecoin has been tied to Musk’s hip. The “Dogefather” has championed the token in ways no other billionaire would dare.

💬 Remember when Musk floated the idea of DOGE payments for X Premium?
💬 Or when Tesla and SpaceX started accepting DOGE for merch?
💬 Or that time DOGE spiked 30% just because Musk changed Twitter’s logo to the Shiba Inu?

Given all this history, it seemed inevitable that X’s payment system would integrate DOGE. Instead, Musk has chosen to launch X Money without it—a move that’s left DOGE fans scratching their heads.

 

 

Where’s DOGE Now?

As the X Money news broke, Dogecoin took a hit, dropping to $0.33, its lowest point in 2025 so far. That’s a far cry from its three-year high of $0.48 back in December 2024.

Dogecoin Price Trends (2025) Price December 2024 (Peak Price) $0.48 January 28, 2025 $0.33 24-Hour Change -5% Election Day Price (Nov 2024) $0.16

This drop comes as the broader crypto market struggles to find its footing, with Solana and Cardano also taking hits. But let’s be real—DOGE has always been highly reactive to Musk’s moves. Whether it’s a tweet, a joke, or a meme, his influence over Dogecoin’s price is undeniable.

 

 

That’s why his silence on DOGE’s role in X Money is particularly telling. It’s not like he doesn’t know people are waiting for it. So, what’s going on?

Why X Money Might Still Add Crypto Later

If there’s one thing we know about Musk, it’s that he loves surprises. Just because DOGE isn’t part of X Money now doesn’t mean it won’t be later. Here are a few reasons why Dogecoin integration could still happen:

1. X Payments LLC Has Crypto-Friendly Licenses

X Payments LLC has secured money transmitter licenses in 40 states + Washington D.C. That’s a massive step toward offering regulated crypto payments in the future.

2. Visa Direct Has Worked with Crypto Before

Visa Direct isn’t exactly new to crypto. In October, Coinbase integrated Visa Direct for crypto purchases and withdrawals. If X Money follows a similar path, we could eventually see a DOGE-friendly integration.

3. Musk’s Trump Connection & DOGE’s Government Ties

Since Trump’s Election Day victory, Dogecoin has been on an unexpected political ride. Musk’s Department of Government Efficiency (DOGE) has elevated Dogecoin’s presence in the mainstream. Last week, DOGE even spiked when its Kabosu mascot appeared on a government website, only to dip again after it was removed.

 

 

Could Musk be waiting for regulatory clarity before pulling the trigger on DOGE payments? Maybe. After all, integrating crypto on a major platform requires more than just hype—it needs compliance.

X Money vs. PayPal, Venmo, & Cash App: Can It Compete?

If X Money is just another digital wallet, how does it stack up against the big players?

Feature X Money PayPal Venmo Cash App Peer-to-Peer Payments ✅ ✅ ✅ ✅ Instant Bank Transfers ✅ ✅ ✅ ✅ Crypto Integration ❌ ✅ ✅ ✅ Debit Card Support ✅ ✅ ✅ ✅ Merchant Services ❌ ✅ ✅ ✅

If X Money wants to stand out, crypto could be its golden ticket. Right now, it’s just another Visa-powered wallet. But if Musk adds DOGE payments, it could disrupt the game completely.

So, Will DOGE Ever Come to X Money?

Here’s the bottom line: Elon Musk has not ruled out crypto payments. While the initial launch doesn’t include DOGE, there are strong signs that it could be added later.

The real question is: How long will it take?
Musk’s strategy has always been one step ahead of the curve. If he’s holding back on DOGE, there’s probably a reason.

For now, DOGE holders will have to wait and see—or keep HODLing.

Frequently Asked Questions (FAQs)

1. What is X Money?

X Money is a digital payment service by Elon Musk’s X (formerly Twitter), offering peer-to-peer payments, instant bank transfers, and an X Wallet via Visa Direct.

2. Does X Money support Dogecoin?

No, X Money has no official Dogecoin support at launch. However, there’s speculation that crypto integration could happen in the future.

3. Why didn’t X Money launch with Dogecoin?

The exact reason is unknown, but possible factors include regulatory concerns, licensing hurdles, or Musk’s strategic timing.

4. Can I buy crypto with X Money?

Not yet. Unlike PayPal, Venmo, or Cash App, X Money does not currently offer crypto purchases or transfers.

5. How does X Money compare to PayPal and Venmo?

X Money offers similar features to traditional payment apps, but without crypto support (yet). If DOGE is added, it could differentiate itself.

6. Is Musk planning to integrate Dogecoin later?

There’s no official confirmation, but given Musk’s history with DOGE, many believe it’s just a matter of time.

7. What’s the current price of Dogecoin?

As of January 28, 2025, DOGE is trading at $0.33, down from its December peak of $0.48.