Dogecoin (Doge) rally continues ahead of planned launch of X (Twitter) payments.
The majority of Dogecoin (Doge) supporters are optimistic about the P2P payment capabilities of the X platform.
Dogecoin (Doge) is a popular cryptocurrency meme mainly known for its support by Elon Musk. In 2020, Musk jumped into support for this cryptocurrency, making it popular around the world. In the past, Musk has talked about Dogecoin several times.
As we know, X (formerly Twitter) was acquired by Elon Musk in the fourth quarter of 2022 and has decided to bring all types of online services into the X ecosystem.
To introduce payment services, the company has so far secured payment service licenses in 22 out of 50 states in the United States.
The majority of Dogecoin investors and supporters believe that Musk will also introduce some kind of support for the Dogecoin cryptocurrency along with support for fiat payments.
Following all these speculations, the trading price of Dogecoin has skyrocketed over the past seven days. The current trading price of Doge is $0.21 and the price is up 34% in the last 7 days.
However, we cannot predict what will happen to Dogecoin on the X platform, but we can say that Musk will be talking about Dogecoin soon.
Just a few weeks ago, Musk said he was talking about Dogecoin because people were asking him to talk about it, and that his company Tesla would use Dogecoin payments in the future.
In July 2023, X replaced Twitter’s new icon with the Dogecoin cryptocurrency. At that time, Dogecoin’s trading price soared nearly 18%.
Amid this cryptocurrency bull run, the majority of Dogecoin investors are willing to see a big statement from Musk regarding the use of Dogecoin.
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