DOGE’s surge to weekly highs coincides with the “XPayments” boom.
Key Takeaways
- Dogecoin reached a seven-day high of $0.08978 after a surge in followers for X’s “XPayments” account.
- Speculation that X’s payment options include Dogecoin has increased, influenced by Elon Musk’s previous endorsement of the cryptocurrency.
- Elon Musk’s initiatives and plans for
DogecoinIs it a popular dog-themed cryptocurrency? Its value has risen significantly recently.It hit a 7-day high.
Dogecoin’s price surge coincides with a rapid increase in followers for X’s newly established “XPayments” account, which has amassed over 100,000 followers in a very short period of time.
Did you know?
Do you want to become smarter and richer with cryptocurrency?
Subscribe – We post new cryptocurrency explainer videos every week!
According to BitDegree data, Dogecoin experienced a notable increase of 12.8% in less than 9 hours starting late January 20th. this surge It pushed its value to a weekly high of $0.08978. Early hours of January 21st.
However, cryptocurrency has since experienced a slight decreaseIt trades at around $0.0834, down nearly 5% from recent highs.
Here are some rumors surrounding the XPayments account, even though they haven’t made an official post yet: fuel speculation Among merchants.
In particular, this speculation is mainly driven by the following factors: It is possible that X’s future payment features will include Dogecoin.. These expectations stem from Elon Musk’s occasional mentions of Dogecoin.
Musk, known for his cryptic posts and updates about X, previously Several signs of support have emerged for Dogecoin.. His actions raised hopes among X users that he could integrate memecoin into the platform’s operations.
Especially Musk Tesla Merchandise Store Accepts Dogecoin Payments and even Temporarily changed X’s logo to Dogecoin’s logo. After acquiring the platform in April 2023. This move was previously Dogecoin’s value increased significantly by 22%..
In December 2023, Musk outlined his expectations for the launch of X’s payments feature, targeting mid-2024. The platform has taken concrete steps in this direction by applying for money transfer licenses across several US states in 2023.
Dogecoin’s recent price rise and growing interest in X’s “XPayments” account highlight the influential role of platform development and Elon Musk’s actions in shaping cryptocurrency market trends.
Gile is a market sentiment analyst who understands which public events create which emotions. Her experience investigating Web3 news and public market messaging, including cryptocurrency news reporting, PR, and social network streams, will be invaluable to her role leading the Crypto News editorial team.
As an intelligent expert in the field of Public Relations, she works with her team to identify real VS fake news patterns and aims to provide her results to everyone searching for unbiased news and events happening in the FinTech market. Her expertise is informing the public of the latest reliable and informative Web3 announcements.
When she’s not investigating the credibility of mainstream stories, she spends her time enjoying the terrace views and meticulously maintaining her outdoor environment.
