The anticipation surrounding Elon Musk’s X payment launch is building, and for good reason. Many investors are starting to speculate that this payment system will include Dogecoin (DOGE), sparking hopes for a potential rally in the popular meme coin.
Recent indicators suggest that the X Money platform might be ready to roll out soon, even without full regulatory approval in every state across the US. According to industry insiders, including influencer Alex Finn, the code released for X Money points to an imminent launch. It’s important to highlight that Linda Yaccarino, CEO of X, has confirmed plans for a payment system by 2025 that may feature cryptocurrencies, making it reminiscent of China’s WeChat. While the details are far from finalized, many are betting on Bitcoin, Dogecoin, and stablecoins like USDT playing vital roles in this new payment landscape.
Even more intriguing is the suggestion from another influencer, Aaron, who notes that we could see X Money hit the market before receiving full approval from all 50 states. Commentary from Jaime Rogozinski, founder of WallStreetBets, reinforces this notion, describing Musk’s intention as a “secret plan for stability” in the digital currency space.
Following this speculation, the prospect of Dogecoin being integrated into X payments is exciting investors. The hope is that with this launch, DOGE could soon become a payment option within the app, fueling a surge in its value.
Market experts like Ali Martinez have contributed to this optimism. He recently remarked on Twitter that “It smells like DOGE in here,” a nod to Musk’s well-documented fondness for the cryptocurrency. This connection between Musk and DOGE has been amplified by a recent and somewhat cryptic post from the Tesla CEO, which hinted at the potential for a Dogecoin Reserve in the US. Adding to the buzz, the name of the newly formed Department of Government Efficiency (D.O.G.E.) under Donald Trump, which includes Musk among its leaders, has sparked conversations connecting it to the beloved crypto.
On the social media front, Musk’s playful renaming to Kekius Maximus also brought excitement to the meme coin community, contributing to an upswing in DOGE’s price. That said, despite a recent dip of about 0.7% bringing it to $0.3833, DOGE has seen a notable increase of 20% within the past week. Its 24-hour peak reached $0.3909, with futures interest in DOGE also surging, indicating a positive outlook among investors.
The environment surrounding Elon Musk and his ventures continues to keep the crypto community on edge, particularly with speculations about the potential rise of Dogecoin still fresh in the minds of many. As developments unfold, both investors and enthusiasts will be watching closely for any signs that could ignite a major rally in DOGE and reshape the landscape of digital payments.
