Dogecoin (DOGE) price experienced an unexpected surge, rising more than 14% in just 12 hours. The cryptocurrency, known for its meme origins, has seen a rapid rise from $0.079 to $0.091, leaving the cryptocurrency community abuzz with speculation.
The driving force behind this explosive growth is the mysterious figure Elon Musk and his ambitious project xpayments It is thought to be related to. Famous entrepreneur Elon Musk, known for his fondness for cryptocurrencies, especially DOGE and Bitcoin (BTC), aims to turn X into an application that covers various services.
In particular, X, formerly associated with Twitter, has officially launched its Xpayments account in a key move towards the financial sector. It is stated that Musk’s commitment to this initiative is emphasized by the fact that he obtained licenses for money transactions in many states of the USA. Some information suggests that X is preparing to launch peer-to-peer payment services, which are likely to be available to the public in mid-2024.
Dogecoin to X
Although Musk has clearly stated that his companies have no intention of issuing their own tokens, it is stated that this increase in the DOGE price occurred after the information made on Xpayments’ social media page appeared. This is fueling speculation among the cryptocurrency community of a possible integration or collaboration between Dogecoin and X, particularly fueled by Musk’s known fondness for both DOGE and BTC.