Dogecoin (DOGE) The price started a sudden rally and rose 5% in just minutes.
DOGE, which was around $0.79 before the rise, is trading at $0.8230 at the time of writing this article.
The reason for the rally was the confirmation that the @XPayments account belonging to X Payments, which will create the payment system on Elon Musk’s company X, belongs to the X management.
As Bitcoinsistemi.com, we previously informed you that the @XPayments account was transferred to X management yesterday. The same news also included hints that DOGE might be affected by this development.
With the confirmation that a payment system will be established on X, the price of Dogecoin, Elon Musk’s favorite altcoin, began to rise. DOGE fans are hoping and apparently speculating that Musk will also use DOGE in his payment system.
However, Musk said in his recent statement: cryptocurrencies He explained that he didn’t think much about it.
*This is not investment advice.
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