Musk's X Payment Feature: Dogecoin Integration?

Dogecoin has gained 2.45% in the previous 24 hours, helping meme coins rise 5.30%. The currency has gained popularity due to rumors that X may accept DOGE as payment.

This renewed gain helps Dogecoin recover from its 21.26% drop since last Wednesday, which mirrored market patterns among other cryptocurrencies.

Dogecoin has lost 8.77% in the last month due to such events.

As trader activity decreases, trading volume fell 53.56% to 975.11 million in 24 hours, calming recent volatility.

Traders Think Dogecoin Payments Could Reach X
Dogecoin incorporation with X's payments functionality is anticipated, thus this stability.

X owner Elon Musk said last year that X will become a “everything app,” with the payment function as a crucial component.

Swak, an X user who leaks program functionality, disclosed that X is developing payments.

Dogecoin is not mentioned in the X payments development code. The URL /i/payments/verify-payment-method indicates numerous payment methods.

Dogecoin investors are speculating about DOGE integration due to Musk's apparent support for DOGE.

Musk reportedly said he had a “soft spot for Dogecoin because I like dogs and memes.”

He also said he doesn't like Bitcoin or other cryptocurrencies, indicating Dogecoin may be the lone crypto in the payment system.

However, X payments are unlikely to launch soon. The social networking site has money-transmitting permits in 35 jurisdictions, including North Dakota.

The platform needs 15 more state licenses to offer the payment option worldwide, and it's unknown how soon they'll be obtained.

Does X Doge Integration Affect Dogecoin Price?
After this big news, the Dogecoin price chart implies it has been influenced.

Technical study of Dogecoin pricing. Source: Binance.

Most importantly, Dogecoin's relative strength index has remained above 50 since the first X post. This is neutral as Dogecoin stabilizes and leans bullish.

#Doge #X #ElonMusk $DOGE #BinanceTournament