Dogecoin Preparing to Take Off? Rumors of Elon Musk Integrating X Payment Create a Storm
Dogecoin (DOGE) price may rise supported by speculation surrounding the launch of Elon Musk's X Payment. Experts predict that the dog-themed coin will experience a price surge. With recent speculation surrounding the launch of Elon Musk's X Payment, some influencers and celebrities have expressed their confidence in it. This is followed by investors' hopes for a price increase in Dogecoin tokens, which became evident after comments from experts. What adds to the optimism in this animal-themed coin surge is Musk's previous support for Dogecoin and his general connection to meme coins.
Speculations About Elon Musk's X Payment Launch Fuel Optimism
As Elon Musk prepares to turn X into an 'everything app', rumors about the launch of X Payments have spread rapidly. Recent reports suggest that X Money, the platform's payment system, could soon go live without the need for full regulatory approval in all U.S. states, according to Forbes.
According to Alex Finn, an influencer on X, the newly announced platform code indicates that this platform will be released soon.
Linda Yaccarino, CEO of X, stated that X Money will be released in 2025. This payment system will be designed to integrate various features, inspired by China's WeChat. Although there has been no official announcement, speculation suggests that Bitcoin, Dogecoin, and stablecoins like Tether's USDT could play significant roles.
Aaron, another influencer on X and a contributor at MacRumors, has confirmed the platform's development. His recent post indicated that X Money will be released in all 50 states before being approved.
At the same time, Jaime Rogozinski, the founder of WallStreetBets, suggested that Musk is ready to enter the cryptocurrency market and referred to it as a 'secret plan for stability.'
These recent developments lead to speculation about the integration of Dogecoin into X Payments. More and more investors expect Elon Musk's X payment system to include DOGE as an option. Moreover, this fuels optimism about a potential price surge for the leading meme coin.
DOGE Sees Price Increase Potential Thanks to Musk's Support
Musk's launch of X Payment could potentially drive Dogecoin's price up. However, well-known market expert Ali Martinez has intensified speculation following his recent comments about this development. He posted a comment on Rogozinski's post saying, 'There's a DOGE smell here', emphasizing Musk's known connection to this cryptocurrency.
At the same time, Elon Musk recently shared a post questioning and continuing to fuel speculation about a potential Dogecoin reserve in the United States. The newly formed Department of Government Effectiveness (DOGE) led by Donald Trump also adds to the speculation. This department, led by Musk and Vivek Ramaswamy, has an appealing abbreviation that continues to drive discussions in the cryptocurrency world.